The east india company and its early period. Benghal, the mughal successor state is important because it"s the center of a triangular trade between britain, india and china and also agriculturaly important. Gradually the british built up calcutta with their trade. It comes to india, buys luxury goods and sells them in china for a profit which is used to buy tea, which is sold in. The company has to pay for indian goods with silver so it develops close ties with the banking houses, especially the two that are on the handout. In 1757 the nawhab of bengal is siraj uddaula, the grandson of alivardi khan, the one who consolidates the great successor state (as governor). The french are also there, like bankers and landlords. He demands that the english stop building fortifications in calcutta which they had actually begun under his own grandfather who had made a subsidiary alliance.