ABSTRACT
Chapter 2 looks into how business practices changed in the trade between India and Europe thanks to advances in transport and communications starting in the 1860s that resulted in a major process of consolidation in the trading sector. In the late nineteenth century, Volkart rose to become one of the most important trading companies on the Indian subcontinent and, most notably, one of the leading exporters of raw cotton. Nonetheless, companies like Volkart continued to rely on close cooperation with Indian merchants to finance purchases and establish contacts with customers.
