HistoryChoose that above statement is true/falseEast India Company first began trade from the banks of river Hugli

Choose that above statement is true/false


East India Company first began trade from the banks of river Hugli


  1. A
    True
  2. B
    false 

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    Solution:

    The given statement is True.
    East India Company first began trade from the banks of the river Hugli. Their first factory was established on the banks of the Hugli River in 1651. The East India Company purchased commodities from Indians at a low cost and resold them at a much higher cost in Europe. Silk and cotton from India had a large European market at the time. Pepper, cloves, cardamom, and cinnamon were in high demand. Aurangzeb, the then-Mughal king, issued a Farman granting the company duty-free trade. It attempted to press for more concessions and to exploit existing privileges.
     
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