History, asked by AJ127, 1 year ago

How East India company established their control over textile trade ?

Answers

Answered by mahirukazi
1
The British East India Company was a company of merchants and traders who wanted to pursue trade with the East Indies but ended up trading mainly with the Indian subcontinent.
The British East India Company however faced competition from the French,Dutch and the Portuguese companies for trade and control.
The objective was to gain trade monopoly over the Indian subcontinent as it was a highly profitable business.
Arrival in India
English traders frequently engaged in hostilities with their Dutch and Portuguese counterparts in the Indian Ocean. The company decided to explore the feasibility of gaining a territorial foothold in mainland India, with official sanction by both Britain and the Mughal Empire, and requested that the Crown launch a diplomatic mission.
In 1612, James I instructed Sir Thomas Roe to visit the Mughal Emperor Jahangir to arrange for a commercial treaty that would give the company exclusive rights to reside and establish factories in Surat and other areas. In return, the company offered to provide the Emperor with goods and rarities from the European market.

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