India Aims to Become Global Arbitration Hub, Says Law Minister
| Category | Details |
|---|---|
| Event | Landmark conference on Institutional Arbitration held in New Delhi on June 14, 2025. |
| Venue | Bharat Mandapam, New Delhi. |
| Organizer | Department of Legal Affairs, Government of India. |
| Key Objective | Strengthen Alternative Dispute Resolution (ADR) mechanisms, particularly institutional arbitration. |
| Goals | - Reduce court backlog (over 5 crore pending cases). <br> - Make India a global arbitration hub. <br> - Boost investor confidence and FDI. <br> - Support Ease of Doing Business and Atmanirbhar Bharat. |
| Key Mechanisms | Arbitration, mediation, conciliation as alternatives to litigation. |
| Key Participants | - Arjun Ram Meghwal (Union Law Minister). <br> - Arun Kumar Singh (ONGC Chairman). <br> - Anju Rathi Rana (Law Secretary). <br> - Justice (Retd.) Hemant Gupta (Chairman, India International Arbitration Centre). |
| Major Highlights | - Push for time-bound arbitration. <br> - Preference for institutional over ad hoc arbitration. <br> - Need for minimal judicial intervention in arbitration. <br> - Emphasis on corporate-friendly dispute resolution. |
| Significance | - Aims to reduce litigation burden. <br> - Enhances India's position in international commercial dispute resolution. <br> - Supports global business confidence. |