Question
Where was the first cotton mill in India established?
Answer: Option B
Answer: (b)
Before the middle of the nineteenth century, India used to export cotton to Britain, and then re-import the textile. In 1820 the total textile import cost only Rs. 350,000. However, these costs escalated tremendously until in 1860 textile imports stood at Rs. 19.3 million.
The impetus towards the founding of the cotton industry came from Indian entrepreneurs. The first Indian cotton mill, "The Bombay Spinning Mill", was opened in 1854 in Bombay by Cowasji Nanabhai Davar.
Opposition from the Lancashire mill owners was eventually offset by the support of the British manufacturers of textile machinery.
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Answer: (b)
Before the middle of the nineteenth century, India used to export cotton to Britain, and then re-import the textile. In 1820 the total textile import cost only Rs. 350,000. However, these costs escalated tremendously until in 1860 textile imports stood at Rs. 19.3 million.
The impetus towards the founding of the cotton industry came from Indian entrepreneurs. The first Indian cotton mill, "The Bombay Spinning Mill", was opened in 1854 in Bombay by Cowasji Nanabhai Davar.
Opposition from the Lancashire mill owners was eventually offset by the support of the British manufacturers of textile machinery.
Was this answer helpful ?
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