The first French Factory established in India by the French East India Company was in the city of Surat. The motive of forming the French East India Company was to compete with Dutch East India Company and East India Company at the market level. Jean Baptiste Colbert gets the credit of establishing the French East India Company in India.
In 1604, French king Henry IV authorized the first Compagnie des Indes Orientales, granting the firm a 15-year monopoly of the Indies trade. This precursor to Colbert's later Compagnie des Indes Orientales, however, was not a joint-stock corporation, and was funded by the Crown. The seventeenth century was littered with failed French efforts to settle and trade in the East Indies. They were influenced by the successful trading of the Dutch in Asia
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The first French Factory established in India by the French East India Company was in the city of Surat. The motive of forming the French East India Company was to compete with Dutch East India Company and East India Company at the market level. Jean Baptiste Colbert gets the credit of establishing the French East India Company in India.
Answer:
In 1604, French king Henry IV authorized the first Compagnie des Indes Orientales, granting the firm a 15-year monopoly of the Indies trade. This precursor to Colbert's later Compagnie des Indes Orientales, however, was not a joint-stock corporation, and was funded by the Crown. The seventeenth century was littered with failed French efforts to settle and trade in the East Indies. They were influenced by the successful trading of the Dutch in Asia