Question
Where was the first Cotton Mill in India established ?
Answer: Option B
Answer: (b)The first Indian cotton mill, "The Bombay Spinning Mill", was founded in 1854 in Bombay by Cowasji Nanabhai Davar – to offset the unfavourable balance of trade with England. India was exporting raw cotton to England and importing textiles from the Lancashire mills at an escalating cost.
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Answer: (b)The first Indian cotton mill, "The Bombay Spinning Mill", was founded in 1854 in Bombay by Cowasji Nanabhai Davar – to offset the unfavourable balance of trade with England. India was exporting raw cotton to England and importing textiles from the Lancashire mills at an escalating cost.
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