Thanks to a treaty in 1613 with the Mughal emperor Jahangir, it established its first factory in Surat in what is now western India.
When was the first British factory in India?
The British victory at Plassey in Bengal, on 23 June, 1757, was a crucial event in the history of India.
How did British enter India?
The British East India Company came to India as traders in spices, a very important commodity in Europe back then as it was used to preserve meat. Apart from that, they primarily traded in silk, cotton, indigo dye, tea and opium. They landed in the Indian subcontinent on August 24, 1608, at the port of Surat.
How much would the British East India Company be worth today?
When adjusted for inflation, its highest market capitalization would be worth over $7 TRILLION today (i.e. ten times the size of Apple). More importantly, it completely dominated the Asian trade in the 17thand 18th centuries.
Who gave permission to East India?
Queen Elizabeth I of England grants a formal charter to the London merchants trading to the East Indies, hoping to break the Dutch monopoly of the spice trade in what is now Indonesia.