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I. The Company’s Struggle for Equality from a Position of Subordination (1740-1765)
Starting with Anglo-French rivalry with the coming of Dupleix in 1751, the East India Company asserted political identity with capture of Arcot (1751). With the Battle of Plassey in 1757, the East India Company acquired political
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power next only to the Bengal nawabs. In 1765 with the acquisition of the Diwani of Bengal, Bihar and Orissa, the East India Company became a significant political power.