The
Economics Association of P. G. and Research Department of Economics, Jamal
Mohamed College has organised a guest lecture by Dr.J. Raja Mohamed, Director,
Centre for Islamic Cultural Research, Jamal Mohamed College and Former curator
of Pudukottai Government Museum on 29th September 2022 at the
Economics Seminar Hall. The Guest speaker highlighted the economic prosperity
of Coromandel Coast, the southeastern coastal region of the Indian subcontinent
during 19th Century. He explained how the international trade played
a significant role in the success of Indian merchants. There were 48 sea ports
established by various colonial invaders mainly for international trade in
Coromandel region out of which 28 of them are in current Tamil Nadu state. He
mentioned that the textile and leather industries were performing outstandingly
by producing high quality products at cheaper costs. He specifically mentioned
the familiarity of “Nagoori Blue Cloth” in the international market. He pointed
out that the rulers of coromandel coast allowed invaders for trade with a
Laisez Faire policy which lead to opening up of international markets and later
resulted in transfer of governance to the British Capitalists. During the last
quarter of 19th century, the Indian merchants were not able to face
the stiff competition with European invaders due to discriminated tax policies
of British Government and high production costs which lead to the Swadeshi
Movement and freedom struggle.