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Effective Arbitration Progress Can Make India Sought After Business Destination

1st Jan 1970 Effective Arbitration Progress Can Make India Sought After Business Destination

There have been two major initiatives by GoI in the last week that will help change the perception of India as a barrier-free destination for doing business. Last Thursday, Parliament passed the New Delhi International Arbitration Centre (NDIAC) Bill, meant to boost efficacious conduct and management of Alternative Dispute Resolution (ADR) proceedings.

As an autonomous institution, NDIAC will aim to make India the hub for arbitration matters.