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
Ottoman naval expeditions in the Indian Ocean against Portuguese attacks. In 1534, Suleiman annexed most of Iraq and by 1538 the Ottomans had reached Basra, i.e., the Persian Gulf. The Ottoman Empire still faced the problem of Portuguese controlled coasts. Most coastal towns on the Arabian Peninsula were either Portuguese ports or Portuguese vassals. Another reason for Turco-Portugal rivalry was economic. In the 15th century, the main trade routes from the Far East to Europe, the so-called spice route, was via the Red Sea and Egypt. But after Africa was circumnavigated the trade income was decreasing. While the Ottoman Empire was a major sea power in the