<P> In the next two years , the company established its first factory in south India in the town of Machilipatnam on the Coromandel Coast of the Bay of Bengal . The high profits reported by the company after landing in India initially prompted King James I to grant subsidiary licences to other trading companies in England . But in 1609 he renewed the charter given to the company for an indefinite period , including a clause that specified that the charter would cease to be in force if the trade turned unprofitable for three consecutive years . </P>
<P> In the next two years , the company established its first factory in south India in the town of Machilipatnam on the Coromandel Coast of the Bay of Bengal . The high profits reported by the company after landing in India initially prompted King James I to grant subsidiary licences to other trading companies in England . But in 1609 he renewed the charter given to the company for an indefinite period , including a clause that specified that the charter would cease to be in force if the trade turned unprofitable for three consecutive years . </P>
where did the east india company set up its first factory in india
where did the east india company set up its first factory in india
Machilipatnam
Machilipatnam