Answer: Cotton Textile Industry
Notes: The first successful modern cotton textile mill in India was established in Mumbai in 1854. Indian entrepreneurs provided the initial capital for these mills. The iron and steel industry began later, with TISCO established at Jamshedpur in 1907. Jute mills began in 1855 near Kolkata, and coal mining started at Raniganj in 1772 but did not develop as an organized modern industry initially.
