Niti Aayog to host Global Arbitration Meet
The Indian Government’s think-tank Niti Aayog has said that to fast-track dispute resolution process in the country, it will host a global arbitration meet which will see participation from leading international arbitral institutions.
According to Niti Aayog, the three-day conference will be inaugurated on October 21 by President Pranab Mukherjee, while Prime Minister Narendra Modi will be delivering the valedictory address.
As per reports, 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.
Commenting on the issue, a Government Official told the media, “Niti Aayog, Law Ministry, National Legal Services Authority, International Center for Alternative Dispute Resolution and National Institute of Labour Economics Research and Development have collaborated to make India the centre of arbitration.
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