write about Royal charter issued by Queen Elizabeth for trade in the east
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In the first few decades of its existence, the East India Company made far less progress in the East Indies than it did in India itself, where it acquired unequaled trade privileges from India’s Mogul emperors. By the 1630s, the company abandoned its East Indies operations almost entirely to concentrate on its lucrative trade of Indian textiles and Chinese tea. In the early 18th century, the company increasingly became an agent of British imperialism as it intervened more and more in Indian and Chinese political affairs. The company had its own military, which defeated the rival French East India Company in 1752 and the Dutch in 1759.
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