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Explain the establishment of east india …

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Explain the establishment of east india company
  • 2 answers

Tarveen Matharou 5 years, 6 months ago

English East India Company had their first factory on the banks of river Hooghly on 1651 companies traders known as factors operated from this base they had a warehouse where goods for export were used and they had offices where companies official set the person you added merchants and traders to come and settle near factory in 1696 they begin building a Fort around this settlements which came to be called as Fort William they bribed Mughal officials to give zamindari rights to company in giving three villages and one of them was Calicut are known today as Kolkata they persuaded Mughal ruler Aurangzeb to issue a Farm and branding company the right to trade duty free that amines without giving tag they tried to request for more privileges for Facilities and demands but officials of company started to carry private trade which means that trade product for the family which was and were expected to pay tax but they refused which was a huge loss for the Bengal revenue system

Shivani Sharma😋🧟🙈 5 years, 6 months ago

In 1651 ,the East india Company set up its first factory on the banks of river Hugli.with the growth of trade , merchants and traders were persuaded by the company to come and settle near the factory .By 1696,it started building a fort around this settlement .Two years later ,by briding Mughal officers the Company got zamindari rights over three villages.One of these villages was kalikata,which was later merged with Gobindapur and sutanuti to form the city of Calcutta,now Kolkata.The Company also got Mughal Emperor Aurangzeb to issue a farman granting it duty free trade rights.( May this answer help you )thanks.
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