Apart from the English, India had a strong business relationship with the people of Scotland during the pre-independence period. In fact, many British commercial companies and banks in Calcutta were either founded by or run by the Scotsmen. Examples in support of the matter can be cited without a second

During the British rule, the Insurance sector in India was monopolized by the British Insurance Companies and the said British Companies operating India offered policies only to the Europeans. Among all such companies the Oriental Government Security Life Assurance Company was the pioneer to break the system. They started their