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purchased the village of Madrasapatnam and one year later it established the Agency of Fort St. George, precursor of the Madras Presidency, although there had been Company factories at Machilipatnam and Armagaon since the very early 1600s. The agency was upgraded to a Presidency in 1652 before once more reverting to its previous status in 1655. In 1684, it was re-elevated to a Presidency and Elihu Yale

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