Prepare a note on the rise of modern in-
dustries in Kerala.
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... According to Johnson (1966), the Parsi community purchased 36% of TISCO's share capital in 1911, adding that the community still held 26% of the shares, even when contribution by the House of Tata is excluded. The significance of Parsi network communities for industrial invest- ment has been considered to be the result of limited informational asymmetries between members of the community (Gupta 2014(Gupta , 2016. Moreover, there is a view assuming that Parsis This same dominance in terms of capital invested remained unchanged even in the 1920s, when TISCO drastically enlarged its share capital during the Great Extension Scheme (GES) of 1916-1924, which will be examined in Chap. 4. In sum, the GES was implemented in the mid-1910s to achieve the international competitiveness that was critical for TISCO to survive the cutthroat environment that might occur after the First World War. ...
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