Khehar: India becoming hub of international arbitration

Khehar: India becoming hub of international arbitration

Khehar: India becoming hub of international arbitration
Chief Justice of India J S Khehar on Saturday said India is becoming a hub of international arbitration and the government’s initiative of zero interference in the process will promote confidence among foreign traders.

He hoped that the Narendra Modi government’s Make in India initiative will give a fillip to International Commercial Arbitration (ICA) in the country.

Speaking at the inaugural session of the two-day ‘Engaging Asia Arbitration Summit’, the CJI said, “At the highest level of planning in Indian government, efforts are going on that neither the government nor its agencies will have any interference with the arbitral process. The government interference will be describable as zero role.”

Lauding the efforts of judiciary and the government to encourage arbitration in India, the CJI said the SC has also adopted a consistent practice of providing arbitrators from a neutral country.

“So in my view, these two initiatives, one by the government of having a zero role and the other by the courts when they appoint arbitrators in an international arbitration from a neutral country, will promote further the confidence of the trading community in international arbitration,” he said.