THE FRENCH
The Compagnie des Indes Orientales was formed in France in
1664, at the instance of a well known minister, Colbert, in the reign of Louis XIV. The French Company was created, financed and controlled by the state and it differed from the English Company which was a private commercial venture. The first French factories were established at Surat in 1668 and at Masulipatnam in 1669. The foundation of Pondicherry was laid in 1673 which, afterwards, became its capital. A factory was also developed at Chandernagar between 1690 and 1692.
OTHER EUROPEAN NATIONS
A Danish company was founded in 1616. They established factories at Tranquebar (1620) and at Serampore (1755). The Danes sold their settlements to the English in 1845. The merchants of Flanders organised the 'Ostend Company', in 1722. Further, in 1731, a Swedish East India Company was formed. However, they never rose to prominence.
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