1.

Who were the junior players in the process of industrialization explain their function?

Answer»

Jamsetjee jeejeebhoy :
he was the son of Persian Weaver . he was involved in china trade & SHIPPING. He owned a large fleet of ships , but competition from English and American shippers forced him to sell his ships by the 1850s.

Dwarkanath Tagore:
He believed that India would develop through westernization and industrialisation. He invested in shipping, mining , PLANTATION and insurance.

Jamsetjee Nusserwanjee Tata:
He set up the first iron and steel industry works in India at Jamshedpur. Iron and steel industries in India started much later than textiles. In colonial India industrial MACHINERY, railways & locomotives were mostly imported . so capital goods industries couldn't really develop in any SIGNIFICANT way till Independence.

Dinshaw Petit :
He built huge industrial empires in India , accumulated their initial wealth party from exports to china. & partly from raw COTTON shipments to England.


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