why didi european trading companies set- up centres in coastal areas?
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European trading companies we're attached to India because of number of reasons.
- The European trading companies purchased goods at cheaper and sold them in Europe at a high price.
- The fine qualities of cotton and silk produced in India had a big market in Europe.
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European trading companies set up centers in coastal areas to buy raw material in cheaper rates from India and sell them in higher rates in Europe. They set up their centres in coastal areas because there was no other rout except sea rout to explore and import.
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