Choose the statement as true or false.

India’s first cotton textile mills were set up in 1854.

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Detailed Solution

The above statement is true.
On February 22, 1854, India's first textile mill, Bombay Spinning and Weaving, was established. The Indian textile industry is one of the primary industries in the Indian economy. In 1854, Cowasji Nanabhai Davar opened India's first cotton mill, "Bombay Spinning Mill," in Bombay. The outcry from the owners of the Lancashire mill was eventually overcome with help from British loom manufacturers. In 1854, KGN Daber established a second cotton mill in India and called it Bombay Spinning and Textile Company. This spinning mill is said to represent the fundamental basis of India's new cotton industry. And it developed as an important port from India to Britain and China to export raw cotton. Demand was high for this cotton crop, and farmers began to invest in it.

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