Wellesley established the Fort William College at Calcutta because

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Fort William College was established on 18 August 1800 by Lord Richard Wellesley (d. 1837), Governor General of Bengal, in order to provide instruction in the vernacular languages of India to the civil and military officials of the East India Company. It was named after King William III of England.The purposes were multi-fold:Fostering of Indian languagesMaking the British officials familiar with the local languagesFacilitating administrative work through interaction with Indian nativesSource Citation: 12th Old NCERT: Bipin Chandra: Modern Indian History Spectrum; Spectrum: Brief Notes on Some Aspects of British Rule