Chief Justice of India J S Khehar on Saturday said India is becoming a hub of international arbitration and the government’s initiative to work towards zero interference in the process will promote confidence among foreign traders.
Justice Khehar said that potential for international arbitration is increasing due to foreign investment.
Speaking at a two-day seminar ‘Engaging Asia Arbitration Summit’, the CJI said government’s ‘Make in India’ scheme will make the country a favoured market among the emerging ones.
“In my view, it will promote further confidence of traders in arbitration in the country,” he said.
Justice Khehar noted that India has a talent pool of lawyers and arbitrators and the future of international commercial arbitration in Asia must commence from India.