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1 Cowasjee Nanabhai Davar
The Inspiration To Invest
Davar inaugurated India’s industrial revolution. In 1854, he set up India’s first steam-powered textile mill in Bombay. Capitalised at Rs 5 lakh, the Bombay Spinning and Weaving Company paid a 10 per cent dividend for six years straight. Davar set the stage for the safety of industrial capital in India. Galvanised by his example, others too made industrial investments. Among them: the Wadias and the Tatas.
The Inspiration To Invest
Davar inaugurated India’s industrial revolution. In 1854, he set up India’s first steam-powered textile mill in Bombay. Capitalised at Rs 5 lakh, the Bombay Spinning and Weaving Company paid a 10 per cent dividend for six years straight. Davar set the stage for the safety of industrial capital in India. Galvanised by his example, others too made industrial investments. Among them: the Wadias and the Tatas.
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