Which of the following statement (s) is/are correct?

Statement 1: The cotton textile mills, largely controlled by foreigners were concentrated in the western parts of the country during the latter half of the 19th century specifically Maharashtra and Gujarat.

Statement 2: The jute mills, predominantly owned by Indians were mainly concentrated in Bengal during the latter half of the 19th century.

None of the given statement is correct.

During the latter half of the 19th century, the development of modern industry in India was slow but gradually taking shape. Initially, this progress was limited to the establishment of cotton and jute textile mills. The cotton textile mills, largely controlled by Indians, were concentrated in the western parts of the country, specifically Maharashtra and Gujarat. On the other hand, the jute mills, predominantly owned by foreigners, were mainly concentrated in Bengal.

In the early 20th century, the iron and steel industries began to emerge. The Tata Iron and Steel Company (TISCO) was established in 1907 and played a significant role in this sector. Following the Second World War, a few other industries started to develop, including sugar, cement, paper, and more.