Foreign Secretary Harsh Vardhan Shringla on Saturday said that India is committed to support the dispute resolution sector and encourage development of the sub-continent as an important global hub for international arbitration.
Speaking at the third Permanent Court of Arbitration (PCA) -India Conference, Mr Shringla said, “India is committed to supporting the dispute resolution sector and encouraging the development of the sub-continent as an important global hub for international arbitration.”
“We have proactively reviewed and modernized our arbitration legislation reflecting international best practices to make sure that our laws stay up-to-date, and support the needs of users of arbitration,” he added.
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