English East India Company shifted its headquarters in 1668 toa)Bombay...
English East India Company Headquarters Shifted to Bombay in 1668
In 1668, the English East India Company shifted its headquarters from Surat to Bombay. This decision was made due to several factors, including the growing importance of Bombay as a trading center and the declining significance of Surat.
Reasons for the Headquarters Shift
Some of the reasons for the shift of the English East India Company headquarters to Bombay are as follows:
1. Strategic Location: Bombay had a strategic location, which made it an important trading center. It was situated on the west coast of India, which provided easy access to the Arabian Sea and the Persian Gulf.
2. Growing Importance: Bombay was rapidly growing in importance as a trading center, and many merchants and traders were settling in the city. This made it an attractive location for the English East India Company to conduct its business.
3. Decline of Surat: Surat, which was the previous headquarters of the English East India Company, was in decline due to various factors. The city was facing competition from Bombay and other trading centers, and many of its merchants and traders had moved to other places.
4. Improved Infrastructure: The English East India Company invested heavily in the development of infrastructure in Bombay, including the construction of a new port and the building of roads and other facilities. This made it easier for the company to conduct its business and transport goods.
Impact of the Headquarters Shift
The shift of the English East India Company headquarters to Bombay had a significant impact on the city and the region. It led to the growth of Bombay as a major trading center and helped to establish the city as the commercial capital of India. The English East India Company played a crucial role in the development of Bombay, and its legacy can still be seen in the city's architecture and culture today.
Conclusion
In conclusion, the shift of the English East India Company headquarters to Bombay in 1668 was a significant event that helped to shape the history of India and the region. It was driven by a range of factors, including the strategic location of Bombay, its growing importance as a trading center, and the decline of Surat. The impact of this decision can still be felt today, and it remains an important part of the history of both Bombay and the English East India Company.
English East India Company shifted its headquarters in 1668 toa)Bombay...
Surat, which was an important trade center during the Mughal period, began to decline towards the end of the seventeenth century. This was because of the following factors:
a) Because of the decline of the Mughal Empire, Surat faced a huge loss of markets and productivity.
b)The control of the sea routes went into the hands of Portuguese.
c) Surat could not complete with Bombay where the English East India Company shifted its headquarters in 1668