what were the reasons of capital for the indian entrepreneur of the 19th century
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China. From the late eighteenth century, the British in India began to export opium to China and import tea from there. Many Indians took active participation in this trade by providing finance, procuring supplies and shipping consignments. Once these businessmen earned enough, they dreamt of developing industrial enterprises in India.
Dwarknanath Tagore was among the pioneers to begin industries in the 1830s and 1840s. Tagores enterprise sank during the business crises of the 1840s. But in the later nineteenth century, many businessmen became successful industrialists. In Bombay, Parsis like Dinshaw Petit and Jamsetjee Nusserwanjee Tata went on to build huge industrial empires. Seth Hukumchand; a Marwari businessman; set up the first Indian jute mill in Calcutta in 1917. The Birla Group was similarly started by successful traders from China.
Capital was also accumulated through other trade networks; like Burma, the Middle East and Africa.
There was a virtual stranglehold of the British players on business in India which leaved little scope for growth of Indian merchants. Till the First World War, European Managing Agencies controlled a large sector of Indian industries.

Shubha answered this
The history of many business groups goes back to trade with China. From the late eighteenth century, the British in India began to export opium to China and import tea from there. Many Indians took active participation in this trade by providing finance, procuring supplies and shipping consignments. Once these businessmen earned enough, they dreamt of developing industrial enterprises in India. Dwarknanath Tagore was among the pioneers to begin industries in the 1830s and 1840s. Tagores enterprise sank during the business crises of the 1840s. But in the later nineteenth century, many businessmen became successful industrialists. In Bombay, Parsis like Dinshaw Petit and Jamsetjee Nusserwanjee Tata went on to build huge industrial empires. Seth Hukumchand; a Marwari businessman; set up the first Indian jute mill in Calcutta in 1917. The Birla Group was similarly started by successful traders from China. Capital was also accumulated through other trade networks; like Burma, the Middle East and Africa. There was a virtual stranglehold of the British players on business in India which leaved little scope for growth of Indian merchants. Till the First World War, European Managing Agencies controlled a large sector of Indian industries.
China. From the late eighteenth century, the British in India began to export opium to China and import tea from there. Many Indians took active participation in this trade by providing finance, procuring supplies and shipping consignments. Once these businessmen earned enough, they dreamt of developing industrial enterprises in India.
Dwarknanath Tagore was among the pioneers to begin industries in the 1830s and 1840s. Tagores enterprise sank during the business crises of the 1840s. But in the later nineteenth century, many businessmen became successful industrialists. In Bombay, Parsis like Dinshaw Petit and Jamsetjee Nusserwanjee Tata went on to build huge industrial empires. Seth Hukumchand; a Marwari businessman; set up the first Indian jute mill in Calcutta in 1917. The Birla Group was similarly started by successful traders from China.
Capital was also accumulated through other trade networks; like Burma, the Middle East and Africa.
There was a virtual stranglehold of the British players on business in India which leaved little scope for growth of Indian merchants. Till the First World War, European Managing Agencies controlled a large sector of Indian industries.

Shubha answered this
The history of many business groups goes back to trade with China. From the late eighteenth century, the British in India began to export opium to China and import tea from there. Many Indians took active participation in this trade by providing finance, procuring supplies and shipping consignments. Once these businessmen earned enough, they dreamt of developing industrial enterprises in India. Dwarknanath Tagore was among the pioneers to begin industries in the 1830s and 1840s. Tagores enterprise sank during the business crises of the 1840s. But in the later nineteenth century, many businessmen became successful industrialists. In Bombay, Parsis like Dinshaw Petit and Jamsetjee Nusserwanjee Tata went on to build huge industrial empires. Seth Hukumchand; a Marwari businessman; set up the first Indian jute mill in Calcutta in 1917. The Birla Group was similarly started by successful traders from China. Capital was also accumulated through other trade networks; like Burma, the Middle East and Africa. There was a virtual stranglehold of the British players on business in India which leaved little scope for growth of Indian merchants. Till the First World War, European Managing Agencies controlled a large sector of Indian industries.
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