22 Feb : The first spinning mill of India

The first Indian cotton mill, “The Bombay Spinning Mill“, was found today in 1854 in Bombay by Cowasji Nanabhai Davar.

It was set up to offset the unfavourable balance of trade with England. India was exporting raw cotton to England and importing textiles from the Lancashire mills at an escalating cost. Thus, Nanabhai took this wise decision. Started with an investment of ₹5 Lakh, the mill was first of its kind as it was steam powered.
This was actually first successful venture. The first Indian cotton cloth mill was established in 1818 at Fort Gloaster near Kolkata, but this mill was a failure.

#Hindi
आज 1854 में भारत की पहली cotton मिल की स्थापना मुंबई में हुई थी। इस मिल को Bombay Spinning and Weaving Mill के नाम से जाना जाता था। इसकी नींव पारसी कारोबारी कोवासजी नानाभाई दावर ने रखी थी। ये मिल भारत की पहली steam-powered यानी भाप की उर्जा से चलने वाली textile mill थी। इसका शुरुआती निवेश करीब पांच लाख रुपये था।