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Which company established its factory in 1632 at Patna, Bihar?
- a)British East India Company
- b)Dutch East India Company
- c)Portuguese East India Company
- d)More than one of the above
- e)None of the above
Correct answer is option 'B'. Can you explain this answer?
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Which company established its factory in 1632 at Patna, Bihar?a)Britis...
British East India Company
- The English East India Company was incorporated by royal charter on December 31, 1600, and went on to act as a part-trade organization, part-nation-state, and reap vast profits from overseas trade with India, China, Persia, and Indonesia for more than two centuries.
- Its business flooded England with affordable tea, cotton textiles, and spices, and richly rewarded its London investors with returns as high as 30%.
- The company established its first Indian factory in 1611 at Masulipatnam on the Andhra Coast of the Bay of Bengal and a second at Surat in 1612.
Dutch East India Company
- It was a mega-corporation founded by a government-directed amalgamation of several rival Dutch trading companies in the early 17th century.
- Dutch East India Company established their factory at Patna in 1632 which is now the place known for Patna Collectorate.
Portuguese East India Company
- It was a short-lived attempt by Philip III of Portugal to create a national chartered company to ensure the security of Portuguese interests in India in the face of increasing influence by the Dutch and English.
French East India Company
- The French East India Company was a commercial Imperial enterprise, founded on 1 September 1664 to compete with the English (later British) and Dutch trading companies in the East Indies.
- It was formed in 1664 AD during the reign of King Louis XIV to trade with India.
- In 1668 AD the French established their first factory at Surat and in 1669 AD established another French factory at Masaulipatam.
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Which company established its factory in 1632 at Patna, Bihar?a)Britis...
Establishment of Dutch East India Company Factory in Patna, Bihar
In 1632, the Dutch East India Company established its factory in Patna, Bihar. This move was a part of the company's strategy to expand its presence and trade in the Indian subcontinent.
Reasons for Establishment
- The Dutch East India Company was one of the major European trading companies during the colonial period, and it sought to establish factories and trading posts in various regions to facilitate trade and commerce.
- Patna, being a prominent city in Bihar, was strategically located along the Ganges River, making it an ideal location for the company to set up its factory and engage in trade activities.
Trade Activities
- The Dutch East India Company engaged in various trade activities in Patna, including the export of goods such as textiles, indigo, and saltpeter to Europe.
- The company also imported goods like spices, silk, and other luxury items from the Indian subcontinent to meet the demands of the European market.
Impact of the Factory
- The establishment of the Dutch East India Company factory in Patna had a significant impact on the local economy, as it provided employment opportunities and boosted trade and commerce in the region.
- The presence of the company also led to cultural exchanges between the Dutch traders and the local population, contributing to the diversity of the city.
Legacy
- The Dutch East India Company factory in Patna played a crucial role in shaping the city's history and its connections to global trade networks during the colonial period.
- While the factory may no longer be operational, its legacy continues to be remembered as a part of Bihar's rich historical heritage.
In 1632, the Dutch East India Company established its factory in Patna, Bihar. This move was a part of the company's strategy to expand its presence and trade in the Indian subcontinent.
Reasons for Establishment
- The Dutch East India Company was one of the major European trading companies during the colonial period, and it sought to establish factories and trading posts in various regions to facilitate trade and commerce.
- Patna, being a prominent city in Bihar, was strategically located along the Ganges River, making it an ideal location for the company to set up its factory and engage in trade activities.
Trade Activities
- The Dutch East India Company engaged in various trade activities in Patna, including the export of goods such as textiles, indigo, and saltpeter to Europe.
- The company also imported goods like spices, silk, and other luxury items from the Indian subcontinent to meet the demands of the European market.
Impact of the Factory
- The establishment of the Dutch East India Company factory in Patna had a significant impact on the local economy, as it provided employment opportunities and boosted trade and commerce in the region.
- The presence of the company also led to cultural exchanges between the Dutch traders and the local population, contributing to the diversity of the city.
Legacy
- The Dutch East India Company factory in Patna played a crucial role in shaping the city's history and its connections to global trade networks during the colonial period.
- While the factory may no longer be operational, its legacy continues to be remembered as a part of Bihar's rich historical heritage.
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Which company established its factory in 1632 at Patna, Bihar?a)British East India Companyb)Dutch East India Companyc)Portuguese East India Companyd)More than one of the abovee)None of the aboveCorrect answer is option 'B'. Can you explain this answer?
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