explain the early entrepreneur of India
Answers
Answer:
The first cotton mill in Bombay came up in 1854 and it went into production two years later. By 1862, four mills were at work with 94,000 spindles and 2,150 looms. Around the same time jute mills came up in Bengal, the first being set up in 1855 and another one seven years later in 1862. In north India, the Elgin Mill was started in Kanpur in the 1860s, and a year later first cotton mill of Ahmedabad was set up. By 1874, the first spinning and weaving mill of Madras began production.
Answer:
The Early Entrepreneurs. (i) The Early Entrepreneurs : Many Indians became junior players in this trade, providing finance, procuring supplies, and shipping consignments. Having earned through trade, some of these business men had visions of developing industrial enterprises in India.
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