where did the british east india company open its first factory in india
East India Company Sir James Lancaster commanded the first East India Company voyage in 1601 aboard the Red Dragon.[21] After capturing a rich 1,200 ton Portuguese Carrack in the Malacca Straits the trade from the booty enabled the voyagers to set up two "factories" - one at Bantam on Java and another in the Moluccas (Spice Islands) before leaving.[22] They returned to England in 1603 to learn of Elizabeth's death but Lancaster was Knighted by the new King James I.[23] By this time the war with Spain had ended but the Company had successfully and profitably breached the Spanish and Portuguese monopoly, with new horizons opened for the English.[11]