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How did India entrepreneurs accumulate capital for investment? |
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Answer» In Bombay , Parsis like Dinshaw petit and Jamsetjee Nusarwanjee tata accumulated initial wealth party from exports to china and partly from raw materials shipments to England. Many Indian entrepreneurs earned huge capital from China trade - the trading of opium to china and taking tea from China to England. The company employed many Indians as junior players in this trade. Having earned some wealth businessmen had vision of developing industries in India. ??? Answer the question |
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