Social Sciences, asked by kanika58, 1 year ago

how the first indian textile mill started in Bombay opened the way for more textile mills in india?

Answers

Answered by jay200
14
The first Indian textile opened in Bombay by the British government.

kanika58: Read the question first my question is how the first indian textile mill started in Bombay
jay200: Oh sorry.
Answered by dackpower
1

Cowasji Nanabhai Davar established the first Indian cotton mill, The Bombay Spinning Mill,  in 1854 in Bombay. The primary advances came from families of the mill-owners, chiefly collected from trading activities. Later, when the profits in the form of shares were accessible to the people, much of the control still rested in the hands of Indians. This opened the way for more textile mills in India because with the help of the share more and more mill emerged and as the result 53 mills in the city in 1925, only 14 were British owned.


Similar questions