How did Indian entrepreneurs accumulate capital for investment?

Many Indian entrepreneurs earned huge capital from China trade- the trading of opium to China and taking tea from China to England. The Company employed many Indians as junior players in this trade. … Capital was also accumulated through other trade networks.

How did Indian enterprises accumulate capital for investment?

Many of the Indian entrepreneurs provided services like finance, supply procurement and shipping of consignments in this trade. … In Bombay, industrialists like Dinshaw Petit and Jamsetjee Nusserwanjee Tata accumulated capital partly through the trade with China and partly through the raw cotton trade with England.

Where did the early entrepreneurs accumulate their wealth from?

They accumulated their initial wealth partly from exports to China and partly from raw cotton shipments to England. Merchants from Madras traded with Burma, Middle East and East Africa.

Who were the early entrepreneur of India?

In Bengal, Dwarkanath Tagore made his fortune in the China trade. In Bombay, Parsis like JDinshaw Petit and Jamsetji Nusserwanjee Tata built huge industrial empires in India. Seth Hukumchand, a Marwari businessman who set up the first Indian jute mill in Calcutta, also traded with China.

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How did Indian industrialist accumulate huge wealth?

Many Indian entrepreneurs earned huge capital from China trade– the trading of opium to China and taking tea from China to England. The Company employed many Indians as junior players in this trade. Having earned some wealth businessmen had vision of developing industries in India.

Why did the early Indian entrepreneurs depend on China trade?

China trade did the early entrepreneurs make a fortune.

Numerous Indians associated with this trade by implementing finance, getting supplies and shipping consignments.

Who is the successful businessman in India?

List of Indian entrepreneurs

Name Associated company
Mangal Lodha Lodha Group
Moothedath Panjan Ramachandran Jyothy Laboratories
Mukesh Ambani Reliance Industries
N. R. Narayana Murthy, N. S. Raghavan, Kris Gopalakrishnan, Nandan Nilekani Infosys

How did Indian entrepreneurs conduct trade in Europe Class 10?

Shikaripuri Shroffs and Nattu Kottai Chettiar were among the many group of bankers and traders who financed export agriculture in Central and South-East Asia, using their own funds or the borrowed money from European banks.

What was the first Indian industry to attract European?

Answer: The fine qualities of cotton and silk produced in India had a big market in Europe. Indian spices like pepper, cloves, cardamom and cinnamon too were in great demand. Hence European trading companies were attracted to India.

Who started Tata company?

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