The first English factory was set up on the banks of the river Hugli in ______.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 1651
The first English factory in India was set up on the banks of the river Hugli in the year 1651.
- It establish the base for the company trader's known as 'Factors" at that time.
- The factory had a warehouse where goods for export were stored, and it had offices where Company officials sat.
- As trade expanded, the Company persuaded merchants and traders to come and settle near the factory.
- By 1696 it began building a fort around for the settlement.