explain in brief the policies devised by East Indian Company
Answers
The East India Company (EIC), also known as the Honourable East India Company (HEIC) or the British East India Company and informally as John Company,[2] Company Bahadur,[3] or simply The Company, was an English and later British joint-stock company.[4] It was formed to trade in the Indian Ocean region, initially with Mughal India and the East Indies (Maritime Southeast Asia), and later with Qing China. The company ended up seizing control over large parts of the Indian subcontinent, colonised parts of Southeast Asia, and colonised Hong Kong after a war with Qing China.
In 1600 royal charter granted to East India Company granting the sole right to trade with the East.
East India Company bought goods at a cheap price and sold them at higher price in Europe.
Cotton and silk produced in India had a big market in Europe.
Pepper, cloves, cardamom and cinnamon were in great demand.
East India company and its officials accumulated wealth by the trade of India and caught attention of other european powers.
English east India company had to compete with other europian companies such as Franch, Dutch and Portugese.
Because of the powerfull naval force British won over other european powers and became the champiion of struggle of monotony of trade.