the first textile mill was started in Mumbai on 11th July 1851 by.............?????
Answers
Answer:
Cowasjee Nanabhoy Davar
Explanation:
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Answer: Cowasjee Nanabhoy Davar was the first person to start the first textile mill in Mumbai.
Explanation: The Spinning and Weaving company was started by Cowasjee and his Parsi associates in the year 1851, which became operational in 1954. The start of the mill started the embark of cotton mills in India.
Bombay was chosen as the location given its primary location of port which facilitated trade far and wide, not only for finished goods but also for vital procurement of raw materials from China and other exporting countries. India faced the problem of low prices for raw materials, lack of market for finished goods which faced stiff competition from British machine-made goods, frequent droughts, lack of investment in irrigation facilities accentuated the problem further, and loss of royal patronage was yet another setback for the farmers and producers.
Today, India is the 2nd largest producer of cotton behind China. Mumbai, and Ahemdabad have emerged as the cotton hubs of the country.
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