Courtesy: Shashi Prabhu
Mumbai’s iconic Wankhede Stadium was inaugurated in October 1974, making this year its golden anniversary. The first test match was played on its grounds from 23-27 January 1975. It was the last in the India vs. West Indies test series and was memorable for the 242 not-out scored by West Indian batsman Clive Lloyd. It led to such jubilation in the stands that a fan excitedly ran onto the pitch to congratulate him. He was arrested by the Bombay police.
Courtesy: Oxford University Press
The India Middle-East Europe Economic Corridor (IMEC) announced during India’s G20 leaders’ summit in September 2023 aims at security and ease of connectivity by multi-modal physical, digital and energy corridors connecting India, UAE, Saudi Arabia, Israel, and Europe. Like many of the connectivity projects created around the world today, IMEC’s origins are 2,300 years old, ancient routes that connected the Indian Ocean to the Mediterranean Sea
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Mumbai and Antwerp share a history from the 18th century. Traffic between the two ports expanded with Belgium among the top three European countries trading with Bombay. After the Second World War, both cities developed a chemical industrial complex adjoining their ports. Today their centuries-old connections have come full circle with an active collaboration between their port authorities.
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Prime Minister Narendra Modi is on an official two-day visit to Poland, the first by an Indian leader in 45 years, commemorating 70 years of India-Poland diplomatic relations. His trip has emotional significance for Poles, as India hosted thousands of Polish refugees during the Second World War. Bombay was the fulcrum from where the rescue, housing, health, and education of Polish children, women, and elderly were undertaken.
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India’s story reads like a Bollywood script – unbelievable and insane to those who fail to decode its success. The most discernable change is internal, as ‘India’ and ‘Bharat’ coexist. India has stopped feeling and thinking poor; it’s right up there with the biggies. Maybe not invited to the high table yet, but has set up its own and invited the rest to the lavish banquet.
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Recent changes in Belgian and EU tax law and regulation have resulted in some Antwerp-based Palanpuri Jain diamond traders shifting base to the newly booming Dubai diamond market. But Antwerp dominates the diamond business for this enterprising community, where 400 families continue to stay and use it as a gateway to the European market for diamonds cut and polished in Surat and Mumbai in India.
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The result of India’s national elections will be out June 4. An eight-day, four-state road trip revealed hotly contested elections where the central issue is competitive and elaborate welfare schemes versus further development and a future for youth. There’s lots of money sloshing around, making elections as lucrative as wedding parties, and plenty of political and family splits for a soap opera.
Courtesy: Shapoorji Pallonji
The Reserve Bank of India entered its 90th year on 1 April. From the 1940s to 1960s it was critical in protecting India’s interests at the Bretton Woods Conference in 1944, and conserving India’s Forex by managing a Rupee trade with the East Bloc. Today, it is among Mumbai’s several historic financial institutions and has navigated India’s economy through turbulent geopolitical and geoeconomic events.
Courtesy: Sarmaya Arts Foundation
India’s External Affairs Minister S. Jaishankar is currently visiting Japan for the 16th India-Japan Foreign Ministers Strategic Dialogue. The bilateral, which began 130 years ago with Bombay’s cotton trade, has deepened into a Special Strategic and Global Partnership in defence, digital technologies, semiconductor supply chains, clean energy, trade and connectivity. The following book excerpt traces the origin of India-Japan trade ties.
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When the 154-year-old man-made Suez Canal became operational, it reduced the voyage between Europe and India from four months to 30 days. It made Egypt the centre for the development of modern tourism in the mid-19th century, attracting entrepreneurs from across empires. A brisk business grew with the Sindhis from the Bombay Presidency, who made the Egyptian free ports and Cairo as their first overseas bases.