Wearing jeans can get you jailed in THIS country, fashion is treated like crime here due to...
Anupam Kher says he has hurt Kirron Kher, admits not being in best marriage: 'That’s why I have...'
Salt consumption among Indians is 2.2 times more than WHO limit: ICMR
Salman Khan makes BIG move, sells his 1318 sq ft apartment for Rs...; it is located in...
Who was Dan Rivera? Famous paranormal investigator died while touring with 'haunted' Annabelle doll
Ashutosh Rana addresses Hindi-Marathi language row in Maharashtra: 'Bhasha kabhi bhi vivaad ka...'
Kabir Khan backs Diljit Dosanjh for casting Hania Aamir in Sardaar Ji 3: 'It's unfair to target...'
Not Elon Musk's Tesla, Apple: Most bought US stocks by Indians in last 3 months are...
Anand Mahindra welcomes Elon Musk's Tesla in India: 'Looking forward to seeing you at...'
Top Language Learning Apps Reviewed: Which one suits your style?
Ashish Chanchlani drops new post with Elli AvRam, reveals 'Finally, we have...'
90% of Indian youth wants to work abroad, but one condition stop them, it is...
Why Startups That Slow Down Often Get Richer
Google AI Agent can fight cyber attacks, claims CEO Sundar Pichai, Big Sleep can detect and kill...
Ravi Teja's father Rajagopal Raju passes away at 90
India’s largest private bank worth Rs 1529000 crore plans to reward its shareholders with...
Israel launches attack on Syrian military headquarters in Damascus, here's what we know so far
Goldman Sachs hires new employee ‘Devin’ who has no degree, know why he threatens entry-level roles
CBSE pushes for 'Oil Boards’, healthy meals in new circular to schools: Check details
Did Deepinder Goyal-backed firm buy Bombardier private jet? Zomato founder says...
ICC imposes heavy fine on England for Lord's Test against India due to...
Ram Gopal Varma breaks his silence on criticism, says I feel nothing anymore: 'I've stopped...'
Who is ‘Grand Mufti of India' who helped halt Kerala nurse Nimisha Priya's execution in Yemen
Actress Tanya Ravichandran gets engaged to cameraman Goutham George, photo goes viral
NATO chief's 100% tariff warning for India, China and Brazil over oil and gas trade with Russia
US-India Trade: India's goods exports to US rise 23.53% in June, imports decline by...
Bajrangi Bhaijaan 2 with Salman Khan coming soon? Director Kabir Khan confirms...
Meet man, who worked as waiter, later cracked UPSC exam in 7th attempt with AIR...
THIS govt company in HUGE debt, defaults on bank loans worth whopping Rs...
Donald Trump makes BIG proposal to Ukraine over Russia war, asks Zelenskyy, 'Can you hit...'
DNA TV Show: US President Donald Trump gives Putin 50-day deadline to end war with Ukraine
Sidharth Malhotra, Kiara Advani become parents to a baby girl
Mukesh Ambani's Reliance's BIG win as Delhi HC directs Amazon, Flipkart to...
BUSINESS
Jamshedji leased an English ship called 'Annie Barrow' at a fixed rate of 1,050 pounds per month, making it the first vessel of his new shipping company, which he named 'Tata Line'.
Jamshedji Tata founded 'Tata Line' to challenge the monopoly of the British shipping company 'P&O.' During the 1880s and 1890s, P&O was the dominant shipping line for exports from India, enjoying the support of the British Indian government. The company had a monopoly on shipping from India and charged exorbitant rates to Indian merchants, while offering favorable discounts to British and Jewish companies. At the time, Jamshedji Tata was involved in the textile business. He was deeply troubled by P&O's discriminatory practices against Indian traders and saw it as a grave injustice. This motivated him to establish India's shipping line.
Jamshedji Tata travelled to Japan to negotiate with Nippon Yusen Kaisha (NYK), Japan's largest shipping line, for a collaboration. NYK agreed to partner on the condition that Jamshedji would share equal risk in the new venture and operate the ships himself. Consequently, Jamshedji leased an English ship called 'Annie Barrow' at a fixed rate of 1,050 pounds per month, making it the first vessel of his new shipping company, which he named 'Tata Line'. This venture marked the Tata Group's first business endeavor under the Tata name.
Jamshedji believed that this enterprise would not only benefit his textile business but also help the entire Indian textile industry. While P&O charged 19 rupees per ton for shipping, Tata Line offered a much lower rate of 12 rupees per ton. Jamshedji hoped that these lower rates would break P&O's monopoly. He later leased another ship, 'Lindisfarne,' and these ships operated on the Bombay (now Mumbai)-China-Japan route. The Indian media praised Jamshedji for his bold initiative.
When P&O learned about Tata Line and its competitive rates, the company announced a reduction in its shipping charges by 1.8 rupees per ton. However, P&O imposed a condition that merchants could only avail of this reduced rate if they signed an agreement not to use Tata Line or NYK-affiliated ships. Additionally, P&O offered some select traders free shipping of their cotton to Japan and began spreading rumors that Tata Line's ship 'Lindisfarne' was unfit for transporting cotton.
Jamshedji raised concerns with the British Indian government about P&O's unfair practices but to no avail.
Gradually, Mumbai's cotton mills started withdrawing their contracts with Tata Line. Jamshedji warned that if his shipping company ceased operations, P&O would likely increase its rates again. The "freight war" between Tata Line and P&O became a hot topic in the newspapers. Anonymous letters were published in local papers questioning Jamshedji's patriotic motives for starting Tata Line.=Jamshedji had already invested over 100,000 rupees into Tata Line, and the business was incurring monthly losses amounting to tens of thousands of rupees—a significant sum in the 1890s. Faced with growing financial strain, Jamshedji reflected deeply on the situation. Ultimately, he concluded that Tata Line had no sustainable or viable path forward. Recognizing that closing the company could damage his reputation as a successful entrepreneur, Jamshedji nevertheless made the difficult decision to shut down Tata Line. The leased ships were returned to England, and the company was dissolved.
Interestingly, in 2007, the Tata Group and Japan's NYK Shipping once again joined forces. Tata Steel, a subsidiary of the Tata Group, and NYK Line entered into a 50:50 partnership to launch a shipping company named Tata NYK Shipping Pte Ltd.