Tag: business studies

In the beginning, English followed Peaceful Trade as their policy. But, they took advantage of the deteriorated political situation of India to establish their political supremacy. The Merchants of England who aspired to have trade with the East Countries, founded The East India Company in 1600 CE. They established trade links with India with the permission of Queen Elizabeth. In the beginning East India Company ships were anchored at Surat ports. Sir Thomas Roe visited the court of the mughal emperor Jahangir in 1615 CE and obtained permission to trade in Surat. Later trade centers were established at Agra, Ahmedabad and Broch. After this, they established trade centres at Calcutta, Madras and Bombay. Calcutta was their first capital.

King Krishnadeva Raya encouraged trade with western countries. He had a cordial relationship with the Portuguese who had at that time established trade centers on the west coast of India. The conflicts over the succession of the throne after Krishnadevaraya died, the unity of the Deccan Sultanates, the critical mistakes made by Rama Raya, the Vijayanagara Defeat at the Battle of Talikota, the sacking and destruction of Hampi, and the rebellious provincial governors/Nayakas all contributed to the decline of Vijayanagar empire.

In the beginning, English followed Peaceful Trade as their policy. But, they took advantage of the deteriorated political situation of India to establish their political supremacy. The Merchants of England who aspired to have trade with the East Countries, founded The East India Company in 1600 CE. They established trade links with India with the permission of Queen Elizabeth. In the beginning East India Company ships were anchored at Surat ports. Sir Thomas Roe visited the court of the mughal emperor Jahangir in 1615 CE and obtained permission to trade in Surat. Later trade centers were established at Agra, Ahmedabad and Broch. After this, they established trade centres at Calcutta, Madras and Bombay. Calcutta was their first capital. Gradually, the profit of the East India Company increased notably. They obtained permission (Dastakath) to trade without any tax in the Bengal Province (the present Bengal, Bihar and Odisha) and in Agra from the Mughal Emperor Farroq Siyara. These measures enabled the British to gain more strength.

Sir Thomas Roe came to India through the port of Surat in September 1615 with a letter from King James I to the then reigning Mughal Emperor, Jahangir, seeking a trade agreement.