01-03-2017, 02:52 PM
Girangaon Mills was once integral to Mumbai's economy, particularly during the British colonial period, when Mumbai (then known as Bombay) was often referred to as "East Manchester". However, with the development of newer industries in and around Mumbai, these factories ceased to be profitable and fell into a state of deterioration.
In the first half of the 19th century, India exported cotton to Britain and then reimported the textile. In 1820, total textile imports were valued at Rs. 350,000. However, the cost had increased significantly in 1860, when imports of textiles stood at Rs. 19.3 million. The drive towards the founding of a cotton industry came from Indian entrepreneurs. The first cotton mill of India, "The Bombay Spinning Mill", was inaugurated in 1854 in Bombay by Cowasji Nanabhai Davar. The opposition of the Lancashire factory owners was offset by the support of the British textile machinery manufacturers.
The cotton mills of Bombay and the rest of India were owned and operated mainly by Indians. The initial investments come from the families of the owners of the factories, obtained mainly from the commercial activity. Later, when the shares were made available to the public, much of the property remained Indian - of the 53 mills in the city in 1925, only 14 were British owned. The direction and direction of these factories were also mainly Indian; Of the 386 mandates registered in 1925, only 44 were English.
By 1870, there were 13 mills in Bombay. Cotton exports grew during the American Civil War, when supplies from US cotton plantations were disrupted. By the end of 1895 there were 70 mills; Growing to 83 in 1915. A period of stagnation set in during the 1920s recession. In 1925, there were 81 mills in the city. After World War II, under the strong competition of Japan, the mills declined. In 1953, there were only 53 factories active in the city.
In the first half of the 19th century, India exported cotton to Britain and then reimported the textile. In 1820, total textile imports were valued at Rs. 350,000. However, the cost had increased significantly in 1860, when imports of textiles stood at Rs. 19.3 million. The drive towards the founding of a cotton industry came from Indian entrepreneurs. The first cotton mill of India, "The Bombay Spinning Mill", was inaugurated in 1854 in Bombay by Cowasji Nanabhai Davar. The opposition of the Lancashire factory owners was offset by the support of the British textile machinery manufacturers.
The cotton mills of Bombay and the rest of India were owned and operated mainly by Indians. The initial investments come from the families of the owners of the factories, obtained mainly from the commercial activity. Later, when the shares were made available to the public, much of the property remained Indian - of the 53 mills in the city in 1925, only 14 were British owned. The direction and direction of these factories were also mainly Indian; Of the 386 mandates registered in 1925, only 44 were English.
By 1870, there were 13 mills in Bombay. Cotton exports grew during the American Civil War, when supplies from US cotton plantations were disrupted. By the end of 1895 there were 70 mills; Growing to 83 in 1915. A period of stagnation set in during the 1920s recession. In 1925, there were 81 mills in the city. After World War II, under the strong competition of Japan, the mills declined. In 1953, there were only 53 factories active in the city.