Zero govt. role in arbitration |
Chief Justice of India J.S. Khehar favoured keeping the government away from the arbitration process to help promote confidence of the business community in international arbitration available in India. He hoped that the Narendra Modi government`s `Make in India` initiative would give a fillip to International Commercial Arbitration (ICA) in the country. Speaking at the inaugural session of `Engaging Asia Arbitration Summit,` he said that at highest level of planning in Indian government, efforts are going on to ensure that neither the government nor its agencies will have any interference with the arbitration process. Government interference will be describable as zero role. The zero interference... will give room for understanding of foreign traders in India that the process is neutral.” Lauding the efforts of the judiciary and the government to encourage arbitration in India, Justice Khehar said the Supreme Court also adopted the consistent practice of providing arbitrators from a neutral country. He said the future of ICA in Asia must commence from India as it has a pool of talented lawyers and arbitrators. India must make a collective choice to move to the best possible location in Asia and then to expand arbitration centres into smaller nations with smaller trading activities.
|
|
|
|