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Q.

By whom was the first Indian jute mill in Calcutta founded in the year 1917?

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An Intiative by Sri Chaitanya

a

Dinshaw Petit

b

Jamsetji Nusserwanji Tata

c

G. D. Birla

d

Seth Hukumchand

answer is D.

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Detailed Solution

Seth Hukumchand, a Marwari businessman, set up the first Indian jute mill in Calcutta in 1917. Seth Hukumchand was a pioneer in the "Swadeshi Industry," establishing cotton mills (Hukam Chand Mill and Raj Kumar Mill at Indore) and a sizable jute mill and iron mill in Calcutta. He was the first businessman from India to establish a jute mill. There was a sufficient labour force and ample coal for power in Calcutta, and the metropolis was flawlessly positioned for shipping to world demands; hence, it was the best place to set up the jute industry.

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