When Was The French East India Company Formed?
The French East India Company was formed in the year 1664 by Jean-Baptiste Colbert for trading in the Eastern Hemisphere.
The Company resulted from the fusion of their earlier French Companies. It was a public company headquartered in Paris and France.
Beyond The Boundaries
In the year 1660 there where the three companies namely “Compagnie de Chine, the Compagnie de Orient, and Compagnie de Madagascar.”
All these companies where more successful trading companies in French, headed by the three most powerful directors.
French East India Company resulted from the fusion of three Earlier company in the year 1660.
French East India Company Changes With The Time
Under this name, the French East India Company formed in1664 and ruled from the year 1664 till 1719 it came back to its name Compagnie des Indes.
Birth Of East India Company
The finance minister of the French king Louis, his company, had very little interest for the traders of France, so the Compagnie Française des Indes Orientales was established by Jean-Baptiste Colbert, the finance minister to King Louis XIV.
His company had very little interest for the traders and merchants of France, so their investment in the company was zilch.
Despite the efforts of Colbert to advertise for luring the traders to join this company none relented.
The French East India Company first established their factory in Surat and in the year 1669AD another factory at Masaulipatam.
After some false start, the French Company acquired Pondicherry in the south of Madras, from the local ruler in 1674 and also the Calcutta from the Mughal governor in the year 1690-92
Competition Faced By The Company
The French East India Company faced constant competition from the already-established Dutch East Indies Company.
Often they were harassed by the Dutch company. The Dutch would confiscate the expensive goods bought by the French.
The French East India Company made very little money, and by this time many ships had faced the warring winds & wrath of the sea needing repair.
Transition- From Company’s Rule To The Rule Of The Crown
The French East India Company produced very little profit as compared to their West Indies counterparts, so they lacked government support.
Its monopoly over French trade with India was ended in 1769, and after that, the company disappeared during the French Revolution in 1789.
This new French Assembly enthusiastically threw open the trade to all Frenchmen.
The company was not accustomed to facing any competition nor had it seen any official rejection. It fell into continuous downfall and was finally liquidated in 1794.
The company slowly started to undertake the Country under their crown after several Indian ports, including Pondicherry and Chandernagore, remained directly under the control of the crown until 1954 before handing it back to first Indian Government after independence.
This was the reason in the way of the trade in the country they enter India, and then they started ruling after the kings of the Indian.
They torture the people of our country. Since this way, the French East India Company was Formed.
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