175:, Blair B. King says, "The purchase of Raniganj was the most important single transaction of Dwarakanth’s business transactions." King opines that the firm had managerial and technical expertise, plenty of capital and vital ability to handle both the Kolkata officials and the local powers. In C.D.Taylor they had a very effective mine manager at site. There were two troublesome rivals: Jeremiah Homfray, who had a mine at Naraincoory, and the Erskine brothers, with a mine at Munglepore. Carr, Tagore and Company fought with them on many fronts and tried to establish themselves as the sole supplier of coal in the region. In 1843, Homfray’s mine was taken over by Carr, Tagore and Company to form Bengal Coal Company, whose first action was to close Homfray’s mine. The British authorities were not happy with the near-monopoly of Carr, Tagore and Company in the field of coal mining. They tried to break it but failed. Bengal’s industrial development started taking off, powered by Bengal Coal Company’s coal. After the formation of Bengal Coal Company, the coal industry started getting regularised, but Dwarakanath Tagore, the prime mover, started losing interest in it.
168:
it
Raniganj in her honour. Jones mined coal but incurred persistent losses. In 1821, Alexander & Company, which had secured the loans taken by Jones, took over and started mining. They performed better, raised production and even earned profits for some time, but the company failed in 1832. It was subsequently taken over by Carr, Tagore and Company.
192:
but never succeeded. East India
Company flatly refused to allow him to build a railway because it felt that it was inappropriate to have railways ‘under the control of natives’. The first steam engine of the East Indian Railway Company chugged into Raniganj in 1855. Dwarakanath was dead and gone, but
183:
Dwarakanath was fascinated by steam engines, which had fuelled the
Industrial Revolution in Europe. He dreamt of revolutionising Indian industry with the steam engine. He imported steam engines from England for use in his business ventures. Having seen the earliest railways in Europe he was convinced
167:
The coal front was quiet for some time, but as the demand for coal picked up in
Kolkata, in 1814 the economics of mining Indian coal made sense again. The East India Company sponsored William Jones for mining coal in Bardhaman (then Burdwan). He took land on lease from the Rani of Bardhaman and named
163:
had enough water only few months of the year for transporting coal and so the coal mined had to be stacked for a long time. That degraded its quality. A test carried out in 1778, showed that Indian coal was only half as effective as imported
British coal. That sealed the efforts of Heatly and Sumner.
187:
With the objective of building a railway from
Kolkata to Raniganj, that would carry all his coal to Kolkata, he registered the Great Western of Bengal Railway Company in 1845 and appointed Carr, Tagore and Company its agent. Dwarakanath tried his best to have a deal with the then newly formed
158:
to mine coal. The permission was not granted and they tried again in 1774 and succeeded in getting permission. Miners were brought in from
England but they fell sick and died. The problem could be solved by engaging local miners but transportation proved a bottleneck. The
142:. Dwarakanath managed to get an entry into the trade as something like a middle level sub-agent. In capital starved India, the inflow of cash from it gave Dwarkanath an opportunity to toy with a new idea. Carr, Tagore and Company entered the fledgling coal business.
105:
in partnership with
William Carr, an indigo trader of Kolkata (then known as Calcutta). Dwarakanath played a leading role in the company, providing its capital, selecting its partners and directing its investment strategy throughout his life.
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the railways did carry to
Kolkata coal mined by the company he had founded. That really was a great chapter in the annals of Indian business marking the beginning of systematic coal mining in India.
264:
126:
in India’s overseas trade, except for some items. It opened a flood gate of opportunities for many people. In such an environment Carr, Tagore and
Company was a kind of modern day
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101:) was the first equal partnership between European and Indian businessmen and the initiator of the managing agency system in India. The company was launched in 1834 by
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138:, then the currency of world trade, was in the hands of the Europeans and only non-Europeans allowed to handle the contraband material were
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130:, which promoted many of Dwarakanath’s pioneering efforts. Soon after its formation, the company became a market leader in
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was having a great impact on power equations across the world. The British were reworking their strategy in India. The
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The period starting from the late 18th century to the mid-19th century was one of great change. The
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224:"Bengali Entrepreneurs and Western Technology in the Nineteenth Century: A Social Perspective"
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Partner in Empire: Dwarakanath Tagore and the Age of Enterprise in Eastern India
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Author: Vikram Doctor, Editor, Special Features for The Economic Times
354:. The Economic Times, Blogs, 20 September 2012. 20 September 2012.
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229:. Indian Journal of History of Science, 48.3 (2013) 447-475.
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287:"Dwarakanath Tagore Lecture presented by Mr. Sumit Mitra"
16:
Managing agency and holding company in the Company Raj
154:and John Sumner teamed up to get permission of the
261:"Dwarakanath Tagore – India's Industrious Pioneer"
319:. The Telegraph, 30 November 2014. Archived from
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38:Indigo and opium trade, shipping, coal mining
293:. The Tagore Centre UK. 27 September 2015.
712:Central Mine Planning and Design Institute
453:
439:
248:
378:"Great Western of Bengal Railway Company"
460:
402:
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358:from the original on 19 September 2015
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763:Indian companies established in 1834
748:1834 establishments in British India
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13:
384:from the original on 3 August 2018
380:. Puronokolkata. 28 October 2015.
297:from the original on 2 August 2018
267:from the original on 2 August 2018
236:from the original on 2 August 2018
221:
14:
779:
405:"Indian Railway History timeline"
348:"Coal Dust in the Tagore Album"
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184:about their utility in India.
1:
727:Automotive companies of India
208:
681:Singareni Collieries Company
7:
666:Neyveli Lignite Corporation
317:"Businessman called Tagore"
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190:East Indian Railway Company
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109:
10:
784:
758:Companies based in Kolkata
122:ended the monopoly of the
768:Mining companies of India
699:
628:
472:
71:
57:
42:
34:
26:
686:South Eastern Coalfields
671:North Eastern Coalfields
641:Carr, Tagore and Company
95:Carr, Tagore and Company
22:Carr, Tagore and Company
722:Steel industry of India
717:Power stations of India
145:
263:. Live History India.
152:Suetonius Grant Heatly
99:Carr, Tagore & Co.
753:Mining in West Bengal
116:Industrial Revolution
707:Coal mining in India
203:Coal mining in India
676:Northern Coalfields
661:Mahanadi Coalfields
222:Sarkar, Suvobrata.
120:Charter Act of 1813
23:
691:Western Coalfields
656:Eastern Coalfields
646:Central Coalfields
636:Bharat Coking Coal
323:on 2 December 2014
171:In his biography,
156:East India Company
134:trade. Trading in
124:East India Company
103:Dwarakanath Tagore
81:Dwarakanath Tagore
21:
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291:27 September 2015
97:(also written as
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66:Bengal Presidency
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411:. Archived from
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590:South Karanpura
555:North Karanpura
515:Godavari Valley
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415:on 14 July 2012
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30:Managing Agency
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700:Related topics
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545:Mand Raigarh
417:. Retrieved
413:the original
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386:. Retrieved
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360:. Retrieved
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325:. Retrieved
321:the original
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299:. Retrieved
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269:. Retrieved
238:. Retrieved
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85:William Carr
58:Headquarters
27:Company type
18:
620:West Bokaro
505:East Bokaro
419:10 February
742:Categories
651:Coal India
550:Mannargudi
500:Daltonganj
480:Aurangabad
473:Coalfields
462:Coalfields
209:References
73:Key people
580:Singrauli
530:Jhilimili
520:Ib Valley
495:Chirimiri
490:Bisrampur
150:In 1770,
605:Tatapani
595:Sohagpur
570:Raniganj
565:Rajmahal
388:2 August
382:Archived
362:2 August
356:Archived
327:2 August
301:2 August
295:Archived
271:2 August
265:Archived
240:2 August
231:Archived
197:See also
179:Railways
110:Backdrop
62:Calcutta
35:Industry
600:Talcher
575:Ramgarh
535:Kamptee
510:Giridih
485:Birbhum
161:Damodar
48: (
43:Founded
610:Umaria
585:Sonhat
525:Jharia
140:Parsis
132:indigo
540:Korba
466:India
409:IRFCA
234:(PDF)
227:(PDF)
136:opium
421:2012
390:2018
364:2018
329:2018
303:2018
273:2018
242:2018
146:Coal
50:1834
46:1834
464:of
744::
407:.
350:.
337:^
289:.
250:^
64:,
454:e
447:t
440:v
423:.
392:.
366:.
331:.
305:.
275:.
244:.
52:)
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