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The company establishes its first factory in …
Years: 1600 - 1611
The company establishes its first factory in south India in the town of Machilipatnam on the Coromandel Coast of the Bay of Bengal.
The high profits reported by the company after landing in India initially prompt King James I to grant subsidiary licenses to other trading companies in England, but in 1609 he renews the charter given to the company for an indefinite period, including a clause that specifies that the charter will cease to be in force if the trade turns unprofitable for three consecutive years.
The high profits reported by the company after landing in India initially prompt King James I to grant subsidiary licenses to other trading companies in England, but in 1609 he renews the charter given to the company for an indefinite period, including a clause that specifies that the charter will cease to be in force if the trade turns unprofitable for three consecutive years.
Locations
People
Groups
- Mughal Empire (Agra)
- East India Company, British (The Company of Merchants of London Trading into the East Indies)
- England, (Stuart) Kingdom of
- India, English
Topics
Commodoties
Subjects
Regions
Subregions
Years: 1600 - 1611
Locations
People
Groups
- Mughal Empire (Agra)
- East India Company, British (The Company of Merchants of London Trading into the East Indies)
- England, (Stuart) Kingdom of
- India, English
Topics
Commodoties
Subjects
Regions
Subregions