Indian cotton mills and about jamsetji Tata
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Tata worked in his father's company until he was 29. He founded a trading company in 1868 with ₹21,000 capital (worth US$52 million in 2015 prices). He bought a bankrupt oil mill at Chinchpokli in 1869 and converted it to a cotton mill, which he renamed as Alexandra Mill. He sold the mill 2 years later for a profit
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Tata worked in his father's company until he was 29. He founded a trading company in 1868 with ₹21,000 capital (worth US$52 million in 2015 prices). He bought a bankrupt oil mill at Chinchpokli in 1869 and converted it to a cotton mill, which he renamed as Alexandra Mill. He sold the mill 2 years later for a profit
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