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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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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.