Describe the development of tisco as the biggest steel industry in the British empire.
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➡️Tata Iron and Steel Company (TISCO) was set up in1912 and started producing steel in India by utilizing the availability of raw materials in the surrounding regions and also make India, leading producer of Steel worldwide✔️
➡️TISCO was set up at an opportune time
In the late 19th century, India was importing steel manufactured in Britain.✔️
➡️Expansion of railway network provided a huge market for producing rails produced by Britain✔️
➡️British in Indian Railways thought that India could not produce quality steel✔️
➡️This idea was changed by TISCO when steel produced in Britain had to meet the demands of war in Europe✔️
➡️Hence, imports of British Steel declined in India and as a result, Indian Railways has to depend on TISCO for supply of rails✔️
➡️As the First World War dragged for 4 years, TISCO had to produce shells and carriage wheels for the war✔️
➡️By 1919, colonial government were buying 90% of steel manufactured by TISCO✔️
➡️Thus, TISCO became the biggest steel industry within the British Empire✔️
➡️TISCO was set up at an opportune time
In the late 19th century, India was importing steel manufactured in Britain.✔️
➡️Expansion of railway network provided a huge market for producing rails produced by Britain✔️
➡️British in Indian Railways thought that India could not produce quality steel✔️
➡️This idea was changed by TISCO when steel produced in Britain had to meet the demands of war in Europe✔️
➡️Hence, imports of British Steel declined in India and as a result, Indian Railways has to depend on TISCO for supply of rails✔️
➡️As the First World War dragged for 4 years, TISCO had to produce shells and carriage wheels for the war✔️
➡️By 1919, colonial government were buying 90% of steel manufactured by TISCO✔️
➡️Thus, TISCO became the biggest steel industry within the British Empire✔️
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