Use the information to answer the item. multicolumn(2)(|c|)( History of British Relations with India ) Date & Event 1619 & Mughal Emperor Jahangir permits the British East India Company to trade in India. 1668 & East India Company takes control of textile trade in Bombay. 1690 & East India Company founds textile trading post in Calcutta. 1818 & The British assert control of western and central India by defeating the Maratha confederacy. 1858 & Britain abolishes the East India Company and assumes direct rule The timeline demonstrates how the British government failed to use its naval power to its full advantage in South Asia. used diplomacy to settle regional political disputes in India. allowed the people of India to maintain local sovereignty. used trade as the basis for establishing its empire in South Asia.