Who were the entrepreneurs or business groups in India during the 19th century ? -SST 10th

1 Answer

Answer :

(i) Dwarakanath Tagore : He was a leading trader of 3engal. Dwarakanath Tagore accumulated his wealth through China trade, before he turned to industrial investment. He set up six joint stock companies in the 1830s and 40s. Though his enterprises sank in the 19th century, yet he showed way to many of the China traders, who later became successful industrialists. (ii) Dinshaw Petit : He was a Parsi entrepreneur, and was the founder of the first textile mill in India. (iii) Jamsetji Nusseruanji Tata : He is generally accepted as the “Father of Indian industry.” He had accumulated his wealth partly from exports to China and partly from raw cotton shipments to England. (iv) Seth Hukumchand : Seth Hukumchand was a Marwari businessman, who set up the first Indian jute mill in Calcutta (Kolkata) in 1917. (v) Birlas : The Birias belonged to the Marwari group, who had established a business in cotton dealership.

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