4. INDIAN ENTREPRENEURS IN BRITISH PERIOD
Ranchodlal Chotalal, a Nagar Brahman, was the first
Indian to think of setting up the textile manufacturing on the
modern factory lines in 1847, but failed. In his second
attempt, he succeeded in setting up a textile mill in 1861 at
Ahmedabad. But before this, the first cotton textile
manufacturing unit was already set up by a Parsi,Cowasjee
Nanabhoy Davar in Mumbai in 1854 followed by
Nawrosjee Wadia, who opened his textile mill in Mumbai in
1880. The credit for the expansion of textile industries upto
1915 goes to the Parsis.
5. Parsis (/ˈpɑːrsiː/) or Parsees (which
means 'Persian' in the Persian language)
are an ethnoreligious group who migrated
to the Indian subcontinent from Persia
during the Muslim conquest of Persia of
CE 636–651; one of two such groups (the
other being Iranis). Zoroastrianism is the
ethnic religion of the Parsi people.
6.
7. In the first wave of manufacturing entrepreneurship, except Parsis, all
others hailed from non-commercial communities. Why the well-known
commercial communities, namely, Jains and Vaishyas of Ahmedabad
and Baroda, lagged behind in entrepreneurial initiative throughout the
nineteenth century can be explained by two major factors.
Firstly, the Improvement of business climate in the countryside during
this period resulted in an increase in the quantum of trade which assured
quick returns on investments. This proved the commercial activity more
lucrative during the period. Secondly, it can also be attributed to their
conservative attitude to change from commercial entrepreneurship to
industrial entrepreneurship.
8.
9.
10. The Swadeshi campaign, i.e., emphasis on indigenous goods, provided,
indeed, a proper seedbed for inculcating and developing nationalism in
the country. It was the influence of Swadeshi that Jamshedjee Tata even
named his first mill ‘Swadeshi Mill’.
he credit for this initiation goes to an Indian, Dwarkanath Tagore, who
encouraged others to form joint-stock companies and invented a distinct
method of management in which management remained in the hands of
the ‘firm’ rather than of an ‘individual’. Historical evidences also do confirm
that after the East India Company lost monopoly in 1813, the European
Managing Agency Houses entered business, trade and banking. And,
these houses markedly influenced eastern India’s Industrial scene.
11. TOP 6 ENTREPRENEURS WHO KEPT INDUSTRIES DURING THE BRITISH
PERIOD
→ Ranchhodlal Chotalal
→ Cowasjee Nanabhoy Davar
→ Jamshedji Tata
→ Dwarkanath Tagore
→ Manjee Dhanjee
→ Lowjee-Nushirvan,
12. What were the main industries during British rule ?
(i) Cotton textile industries.
(ii) Jute textile industries.
(iii) Iron and steel industries
13.
14. reason for increase in industrial production during first world war
India witnessed increased industrial production during the First World
War due to following reasons: British industries became busy in producing
and supplying war-needs. ... The increased demands of variety of products
led to the setting up of new factories and old ones increased Also the
British colonial government asked Indian factories to supply the war needs
like - jute bags, cloth or army uniforms, tents and leather boots, horse and
mule saddle, etc.
● The increased demands of variety of products led to the setting up of
new factories and old ones increased their production.
● Many new workers were employed and everyone
● was made to work longer hours.