the sole right to trade with with the east was granted to the east india company by
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In 1600, Queen Elizabeth I drafted a charter to East India Company which granted them the sole right to trade in the east, without competition from other British traders.
The royal charter couldn’t stop other European giants like The Dutch, Portuguese and French enter the competition with the British in trading.
The First East India factory was set up in the banks on river Hubli in Bengal in 1651.
The royal charter couldn’t stop other European giants like The Dutch, Portuguese and French enter the competition with the British in trading.
The First East India factory was set up in the banks on river Hubli in Bengal in 1651.
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Answer: IN 1600 the EAST INDIA COMPANY acquired a charter from the rulerof ENGLAND, Queen Elizabeth 1,granting the sole right to trade with the east
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