Increase in Foreign Capital in India and Emergence of Modern Industries

India could not be kept away from the modern industries to fulfill the capitalist requirement of the world.
In 1833, the British government permitted English to buy lands in India and can do plantation. The first tea plantation was planted in 1835 and tea produced in India was first time sold to London in 1838. In 1839, Assam tea company was established.
The Textiles, Jute and Coal mining industry started in India in the decade of 1850.
The British rulers realized that if they have to get their goods consumed in a large scale in India and have to obtain raw materials for their industries then a cheap and easy mode of transport must be developed. The main purpose of introducing railway in India was to connect the ports with markets so that raw materials could be obtained easily. The first train ran in 1853 between Thane and Mumbai.
The laying of railway tracks till 1859 was done by the company. After 1859, the government of India started the work of railway tracks. These railway tracks had 350 crores invested in it and all these investments was that of British capital investors.
In 1853, the first telegraph line was started between Calcutta and Agra.

No comments:

Post a Comment