Describe the role of early entrepreneurs of india in the development of industries
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The role of Entrepreneurship in India's Future . Economic .... functions of an entrepreneur . Entrepreneur is the ... It was early as 1950 that the need for entrepreneurial development .
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During the colonial period , the British traders and merchant begans the barter of opium with tea ( from China to England ) . However , this process was also accommodated by some of the indian Entrepreneurs ; who provided finance , obtaining stocks and transportation consignments .
To name some India Entrepreneur we can include , Dwarkanath Tagore of Bengal ( established six joint -stock companies during the trade with China ) , Jamsetjee Nusserwanjee Tata and dinshaw Petit of Bombay ( built an industry domain in India by acquiring their initial capital from shipping to China and raw cotton cargoes to England . Moreover , there were some other Entrepreneur from Madras exchanged their goods with the merchants of the Middle East , Burma and East Africa .
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Answer:
The role of early entrepreneurs of india in the development of industries:-
- Dwarkanath Tagore was involved in international trade with China.
- Later on, he erected a six-joint stock company and used his profit by investing in ship building, shipping, banking, plantation,mining and insurance.
- Indian parsis like Dinashaw Petit and J.N. Tata accumulated wealth from trade with China and cotton trade with England. They developed industrial empire in India from this wealth.
- There was another marwari bussinessman Seth Hukumchand, who did the set up of Jute mills in Calcutta.
- Father and Grandfather of G.D. Birla also traded with China in 18th and 19th century