The corporation relied on a “factory” system, leaving representatives it called “factors” behind to set up trading posts and allowing them to source and negotiate for goods. Thanks to a treaty in 1613 with the Mughal emperor Jahangir, it established its first factory in Surat in what is now western India.
In which year the first English factory was set up in India?
East India Company begins Trade in Bengal: 1. In 1651, the first English factory was set up on the banks of river Hugli and first English factory was opened up at Surat in 1608.
Who ruled India before British?
The Mughals ruled over a population in India that was two-thirds Hindu, and the earlier spiritual teachings of the Vedic tradition remained influential in Indian values and philosophy. The early Mughal empire was a tolerant place. Unlike the preceding civilisations, the Mughals controlled a vast area of India.
Why did the British set up their first factories on the western coast?
The British set up their first factories on western coast because Surat in the state of Gujarat had a long coastline. … The Western coast of India was well connected to Africa, Middle east Asia and Europe (via the sea route).
Who gave permission to East India?
Queen Elizabeth I of England grants a formal charter to the London merchants trading to the East Indies, hoping to break the Dutch monopoly of the spice trade in what is now Indonesia.
Who gave the British the first Farman?
Mughal emperor Jahangir granted a farman to Captain William Hawkins permitting the English to erect a factory at Surat in 1613. In 1615, Thomas Roe, the Ambassador to James I, got an imperial farman from Jahangir to trade and establish factories all across the Mughal empire.
Why did the British East India Company take over India?
The East India Company was an English company formed for the exploitation of trade with East and Southeast Asia and India. Incorporated by royal charter on December 31, 1600, it was started as a monopolistic trading body so that England could participate in the East Indian spice trade.