Portuguese East India Company Portuguese East India Company The Portuguese East India Company ( or ) was a short-lived ill-fated attempt by Philip III of Portugal to create a national chartered company to look after interests in Portuguese India in the face on encroachment by the Dutch and English following the personal union of the Portuguese and Spanish Crowns. Portuguese trade with India had been a crown monopoly since the Portuguese captain Vasco da Gama opened the sea route to India in 1497-99. The monopoly had been managed by the Casa da Índia, the royal trading house founded around 1500. The Casa was responsible
Portuguese discovery of the sea route to India but they were very expensive because it was an inconvenience to trade. For example, it was dangerous and time consuming to travel by land from Europe to India. As a result, King D. João II of Portugal established a plan for ships to explore the coast of Africa to see if India was navigable via around the cape, and through the Indian Ocean. King João II appointed Bartolomeu Dias, on October 10, 1486, to head an expedition to sail around the southern tip of Africa in the hope of finding a trade route to India. Dias helped in the construction