INDIAN HISTORY

Detailed explanation-1: -The East India Company was granted the Royal Charter on 31 December, 1600 by Queen Elizabeth I. As a consequence of this Charter the British East India Company set up trading establishments on the east and west coasts of India and in Bengal. The Company’s ships first arrived in India, at the port of Surat, in 1608.

Detailed explanation-2: -Why did the East India Company acquire a charter from the ruler of England Queen Elizabeth I in 1600? The East India Company acquired a charter from Queen Elizabeth I so that its merchants could start trading in the East Indies. With this they hoped to break the monopoly the Dutch had in that region.

Detailed explanation-3: -Notes: Queen Elizabeth I approved the charter to the East India Company initially for 15 years. It could be repealed by a notice of two years.

Detailed explanation-4: -East India Company Founded Under Queen Elizabeth I On the very last day of 1600, Queen Elizabeth I granted a charter to a group of London merchants for exclusive overseas trading rights with the East Indies, a massive swath of the globe extending from Africa’s Cape of Good Hope eastward to Cape Horn in South America.