With reference to the arrival of European commercial companies in India during the 17th century, their trade policies, and the establishment of their settlements, consider the following statements: 1. The Dutch East India Company (VOC) was the second European power to arrive in India after the Portuguese, establishing its first factory in Masulipatnam in 1605, and making Indian textiles a major commodity in international trade. 2. The British East India Company was granted a monopoly to trade with the East for only 15 years through a Royal Charter issued by Queen Elizabeth I of Britain in 1600, which was later extended for an indefinite period by James I in 1609. 3. The French East India Company was established in 1664 during the reign of Louis XIV at the instigation of Jean-Baptiste Colbert, and François Caron established the French company's first factory in Surat in 1668. 4. The Danish (Denmark) East India Company established its first factory in India in 1620 at Tranquebar in the Thanjavur district, but they could not sustain their commercial influence in India for long and eventually sold all their factories to the British and returned home. Which of the above statement(s) is/are completely true?

Question

Gaurav Shrivastava · Accepted Answer

All the given statements are completely true. The arrival of European commercial companies in India at the beginning of the seventeenth century began with a race to establish trade dominance. The Dutch set up a factory in Masulipatnam in 1605, the British company received an initial 15-year monopoly by the charter of 1600 which was later extended indefinitely by James I, the French established a company through Colbert's efforts in 1664 and opened their first factory in Surat in 1668, and the Danes established their first factory in Tranquebar in 1620.

Categories

Popular topics

With reference to the arrival of European commercial companies in India during the 17th century, their trade policies, and the establishment of their settlements, consider the following statements:

Detailed Explanation & Solution

Related Questions