Three daylong Global Conference to Make India the Centre for Arbitration gets underway in New Delhi tomorrow. The first ever Global Conference to Strengthen Arbitration and Enforcement in India gets underway in New Delhi tomorrow. The three daylong conference titled, National Initiative On Strengthening Arbitration And Enforcement In India" from October 21st to 23rd, 2016 is being launched by the Government and Judiciary as a major initiative to change the face of dispute resolution in India.
NITI Aayog, Ministry of Law & Justice, DIPP, National Legal Services Authority, International Center for Alternative Dispute Resolution, National Institute of Labour Economics Research and Development have collaborated to make India the centre of arbitration. Also for the first time six leading international arbitral institutions (HKIAC, ICC, KLRCA, LCIA, PCA and SIAC) and all major industry associations (FICCI, PHD Chamber, CII and ASSOCHAM) have come together to drive this initiative. The Conference seeks to provide impetus to commercial arbitration in India, which is fast gaining pace across the world, for faster, more efficient dispute resolution outside the court room.