NCERT for Important Questions Class 10 Social Science Chapter 4
Important NCERT Extra Questions
Chapter 4 The Age of Industrialisation
NCERT Book Extra Questions for Session 2022-2023
CBSE Board and UP Board Others state Board
Describe the achievements of some early entrepreneurs in India.
The achievements of early entrepreneurs in India were as follows:
(l) During opium trade with China, many Indians provided finance, procured supplies and got shipping consignments. For example in Bengal, Dwarka Nath Tagore made his fortune and set up six joint-stock companies in the 1830s and 1840s.
(ii) In Bombay, Parsis like Dinshaw Petit and Jamsetjee Nusserwanjee Tata who built huge industrial empires in India, accumulated their initial wealth partly from exports to china and partly from raw cotton shipments to England.
(iii) Seth Hukumchand, a Marwari businessman set up first Indian jute mill in calcutta in 1917. He traded with China.
(iv) The father and grandfather of the famous industrialist G.D. Birla also traded with China.