The East India Company evolved from a small enterprise run by a group of City of London merchants, which in had been granted a royal charter conferring the monopoly of English trade in the whole of Asia and the Pacific. Tea, Textiles and Porcelain At its outset the East India Company was interested in the commercial opportunities offered by the spice islands of Southeast Asia rather than India.
Sep 9, Much of the country was under the Mughal empire with Aurangzeb well into his Deccan campaign. The British East India Company had a few dots here and there on the map. Some factories in Surat, some presence in Bengal, Fort St.
Bengal at the time was under the control of Shaiste Khan. The same Shaiste Khan who had his fingers thumb as per some accounts chopped away by Chhatrapati Shivaji.
The firman order granting the East India Company three factories in what would eventually become the city of Kolkata was still 30 years away. The Battle of Plassey was three generations away. But for decisions taken inthat future almost did not happen!
Aurangzeb nearly destroyed the East India Company! InAurangzeb allowed the British to trade at Surat by paying duties of 3.
An earlier law made by Shah Shuja as subhedar of Bengal had allowed the British to trade in Bengal for an annual fee of Rs 3, The EIC wanted to carry out all India trade on the basis of just this fee, or alternately trade anywhere just by paying 3.
Both demands were squashed. In Januarysix companies of British soldiers landed at Hughli after mistaking the route to Chittagong. The arguments over the duties and trade tariffs had brought the East India Company to the view that their salvation lay in building forts and fortified enclaves in India.
It was the first germ of an idea aimed at controlling land in India. Around this time, there was an altercation among the Mughal and the British troops at Hughli, lighting the spark for war.
It seemed that the hostilities had ended, but even then the East India Company went ahead and burnt many Mughal boats, warehouses and captured some small forts.
At this stage, Shaiste Khan sought to make peace with Charnoc. He rebuked his behaviour, but still allowed a fort to be built at Uluberia near Calcutta.
Unchanged though, the British continued to cause problems under Captain Heath, such as burning the fort at Baleshar, before he was forced to withdraw, to Fort St.Delhi india Politics Amidst threat Delhi CM Kejriwal invites all for TM Krishna’ concert in Delhi.
New Delhi: Carnatic singer TM Krishna is going to perform on November 17 at Garden of Five Senses on Delhi Government invitation. Most of the VOC's Asian possessions were ceded to the British after the Napoleonic Wars were finished, and the English East India Company took over the VOC's infrastructure.
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[New cover update] As one of the most complex industries in the world, this book provides readers with an in-depth coverage of companies that operate in all sectors of the oil & gas industry. Yet the East India Company – the first great multinational corporation, and the first to run amok – was the ultimate model for many of today’s joint-stock corporations.
The East India Company deserves to be looked at as it was - a profit-making company that generated great wealth, but one that also contributed to immense suffering.