What are factories? Why were they …
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Meghna Thapar 5 years, 3 months ago
The trading centres set up by the European companies were known as factories. There were called factories not because anything was manufactured there but because the officials of the companies were called factors. From the seventeenth century onwards, European trading companies from Portugal, Holland, England, France and Denmark set up trading centres in different parts of India. These trading centres were called factories, they were set up especially in the coastal areas. The factories consisted of offices and go down . Most of them also had houses of officials and residential quarters for merchants and traders .
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