India emerging hub of intl arbitration
Ensures hassle-free dispute resolution mechanism as reforms will incentivise foreign investors: Law Minister Meghwal
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London: The government has undertaken several steps to strengthen the judiciary and alternate dispute resolution mechanism, which will act as an incentive to foreign investors and help take India-UK relations to new heights, Union Minister for Law and Justice Arjun Ram Meghwal said. Meghwal, who is on his first UK visit since taking charge of the portfolio last month, participated at an Indian Council of Arbitration (ICA) conference here.
He also met his British counterpart Alex Chalk to discuss bilateral cooperation in the field of law and justice on Monday. In a special address at the second edition of ICA’s ‘Arbitrating Indo-UK Commercial Disputes’ conference organised in partnership with the Federation of Indian Chambers of Commerce and Industry (FICCI), the minister detailed the far-reaching legal reforms undertaken by the government to not only cater to foreign investor comfort level, but also ease the burden on the courts.
