Topic > PQR - 1050

Operations One of the most important activities of the East India Company in India was the operational part. It included workplaces, fort locations, transportation, infrastructure, etc. Company officials took a long view about their businesses. Thus they acquired privileged positions for their activities. These places included ports, important trading posts during the pre-colonial era. For these operations the important activities undertaken by them are given below.Positions1. By 1668 the Company had established factories in Goa, Chittagong, Bombay, Madras and three small villages in eastern India called Sutanati, Gobindapore and Kalikata, which was renamed Calcutta in 1690. The main factories became the fortified forts of Fort William in Calcutta, , which has developed into today's major Indian cities. Of these forts Fort William remains active as the headquarters of the Eastern Command of the Indian Army.2. The company's first “factory” was established in the town of Machilipatnam on the Coromandel coast of the Bay of Bengal. The location was crucial for the English as it allowed them access to spices that were not controlled by Dutch traders. Sir Thomas Roe made a treaty with Emperor Nurudin Salim Jahangir. The company obtained the exclusive right to reside and build factories around Surat in exchange for rare goods from Europe. This privileged position helped them fight the war with the Portuguese and Dutch governments and traders. Another important place were the forts in India. In 1668, Goa, Chittagong, Bombay, Madras, Sutanati, Gobindapore and Kalikata were the cities with factories. These factories became the forts of Fort William in Calcutta, Fort St George in Madras and Bombay Castle.5. ...... half of the document ......st Indies') was founded in London in 1600. In 1698 a "new" company, formed in opposition ("The English Company Trading to the East Indies") was founded format. The "Old" and "New" Companies merged to become "The United East India Company" in 1709 or "East India Company" (name legalized in 1833). The old and new companies had similar executive structures, and the United Company adopted forms from its predecessors. The executive comprised a body of owners or shareholders and an elected executive or "Court" of directors (or "Court of Committees" until 1699). It included 24 directors elected by and from the shareholders (or "owners"). The Court of Directors held periodic meetings to supervise the ordinary business of the Company. The owners met at least four times a year as a "Tribunal". elect Directors, supervise their activities and discuss company policy.