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Q. How did East India trading gave money to their shareholders?

Ans. East India company is founded in 1600. The East India Trading Company (EITC), was
a joint-stock company and mega-corporation formed for pursuing and monopolizing trade
with the East Indies and the Caribbean. Shares of the Company were owned by wealthy
merchants and aristocrats. The company rose to account for half of the world's trade,
particularly in basic commodities including cotton, silk, indigo dye, salt, spices, saltpetre, tea,
and opium.
The business had intended to break into the lucrative spice markets of Southeast Asia, but
discovered that the Dutch already dominated the market.
In 1608, company ships docked in Surat, Gujarat. In 1611, the company opened the first
Indian factory on the Bay of Bengal's Andhra Coast.
The Mughal emperor Jahangir welcomed English merchants to the Bengal area in 1634, and
in 1717, he completely waived customs duties for their trade.
Robert Clive, who commanded the company's 3,000-man army, was appointed governor of
Bengal and began collecting taxes and customs, which were then used to buy Indian goods
and sell them to England.
This is how EIC generated wealth for its shareholders.

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