Jute industries were dominated bya)Indianb)Foreignersc)Bothd)NoneCorre...
Whereas, the jute textile industries, controlled by foreigners, were limited to the Eastern part (Bengal). Further, some other industries started coming up after the second world war for example- sugar, paper, cement, steel, and iron industry.
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Jute industries were dominated bya)Indianb)Foreignersc)Bothd)NoneCorre...
Introduction:
Jute is a natural fiber that is primarily used for making various products such as bags, rugs, and ropes. The jute industry has been a significant sector in various countries, including India. However, during its peak, the jute industries were dominated by foreigners rather than Indian entrepreneurs.
Foreign Dominance in Jute Industries:
During the colonial era, the British had a strong presence in India, and they played a major role in the jute industry. The British introduced modern technology and machinery in jute mills, which resulted in increased production and efficiency. As a result, they established a monopoly over the jute industry in India.
Reasons for Foreign Dominance:
1. Capital Investment: Foreigners had access to significant capital and resources, which enabled them to invest in large-scale jute mills. They could afford to import advanced machinery and equipment, giving them a competitive advantage over Indian entrepreneurs.
2. Technical Expertise: The British brought advanced technology and skilled technicians from their home country. They had the knowledge and experience to operate and maintain the machinery efficiently, leading to higher productivity and quality products.
3. Market Control: Foreigners had a stronghold over the international market for jute products. They had well-established trade networks and connections, enabling them to export jute goods to various countries. This market control further strengthened their dominance in the jute industry.
4. Government Support: The British colonial government provided favorable policies and incentives to encourage foreign investment in the jute sector. They offered tax benefits and subsidies, making it easier for foreigners to establish and expand their jute mills.
Impact on Indian Entrepreneurs:
The dominance of foreigners in the jute industry had significant implications for Indian entrepreneurs. They faced stiff competition from the well-established foreign firms, making it difficult for them to enter the market or expand their operations. Indian entrepreneurs lacked the necessary capital, technical expertise, and market access to compete effectively.
Indian Efforts to Overcome Foreign Dominance:
Over time, the Indian government took several initiatives to promote the growth of the domestic jute industry and reduce foreign dominance. They implemented protective measures such as import restrictions, subsidies, and financial assistance for Indian entrepreneurs. The government also established jute research institutes and provided training programs to develop technical expertise among Indian workers.
Conclusion:
In conclusion, during the peak of the jute industry, foreigners, particularly the British, dominated the sector. They had advantages in terms of capital, technology, and market control. This foreign dominance posed challenges for Indian entrepreneurs. However, with government support, Indian efforts were made to reduce foreign dominance and promote the growth of the domestic jute industry.
Jute industries were dominated bya)Indianb)Foreignersc)Bothd)NoneCorre...
British came to india and started to use the good quality jute of our country to make accessories
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