How did factories come up in India during colonial government ??
Answers
In the late nineteenth century, India was a importer of steel which was manufactured in Britain.
The first successful attempt was made in 1875 in setting up an iron and steel works at Barakar by Bengal Iron and Steel Company. This was taken over by Bengal Iron Company in 1889. Expansion of the railways in India had opened up a huge market for the British steel. The British experts in the Indian Railways largely imported British steel because they were unwilling to believe that good quality steel could be produced in India. However, after 1914 when the First World War broke out, the situation changed. Steel produced in Britain now had to meet the demands of war in Europe.
Imports of British steel into India declined dramatically and the Indian Railways turned to TISCO for supply of rails. As the war dragged on for several years, iron and steel companies began to be set up in India to fulfill the domestic demands of steel.