Tuesday, 27 August 2013
RISE TO PROMINENCE - Resource Group
The existence of “Resource Groups” were of major advantage to the Marwari’s due to which institutionalized hostels to accommodate migrants, credit facilities and forms of commercial arbitration was made available.
Presence of one big firm owned by a communal fellow, as in the case of the Jagat Seth of Murshidabd attracted immigrants. Surajmal Jhunjhunwala of Chirawa and Nathuram Saraf of Mandawa were recruited by the Jagat Seth during their tours in upper India. They spawned “Sub-Resource Groups” of Marwaris from Chirawa and Mandawa which were important features of the Calcutta cloth market at the turn of the century.