Union Ministers Dr S Jaishankar and Ashwini Vaishnaw on Saturday stressed on the importance of making India an arbitration hub..The duo pitched arbitration in India as being a key part of the Central government's flagship scheme, Make in India."Arbitrate in India is a key facet of Make In India. Arbitration will help in our journey for a Viksit Bharat," the External Affairs Minister said..The Union Ministers were speaking at the inauguration of the Arbitration Bar of India (ABI) at the Bharat Mandapam in New Delhi.ABI is a body of individual practitioners who specialise in arbitration. It aims to provide human capital to other arbitration institutions.Former Supreme Court judge Justice Hemant Gupta, Attorney General R Venkataramani, Solicitor General Tushar Mehta and ABI President Gourab Banerji were also present at the event..Jaishankar said that the occasion marks the redistribution of India's power and influence in the changing world and global order."This would not be possible without the vision and leadership that we see today. Arbitration is recognised as cornerstone of modern dispute resolution and is key for India in its rapid economic progress and to make use of its demographic dividend," he said..Vaishnaw, the Minister of Railways, Communications and Electronics and Information Technology, said that a mindset of doing things together needs to reflect in all financial activities of the Indian economy."We should make Indian arbitration as unique as our UPI and culture," he stated. .Arbitration born in India; we do not need to learn it from others: Solicitor General Tushar Mehta.Read more about the ABI inaugural ceremony here.
Union Ministers Dr S Jaishankar and Ashwini Vaishnaw on Saturday stressed on the importance of making India an arbitration hub..The duo pitched arbitration in India as being a key part of the Central government's flagship scheme, Make in India."Arbitrate in India is a key facet of Make In India. Arbitration will help in our journey for a Viksit Bharat," the External Affairs Minister said..The Union Ministers were speaking at the inauguration of the Arbitration Bar of India (ABI) at the Bharat Mandapam in New Delhi.ABI is a body of individual practitioners who specialise in arbitration. It aims to provide human capital to other arbitration institutions.Former Supreme Court judge Justice Hemant Gupta, Attorney General R Venkataramani, Solicitor General Tushar Mehta and ABI President Gourab Banerji were also present at the event..Jaishankar said that the occasion marks the redistribution of India's power and influence in the changing world and global order."This would not be possible without the vision and leadership that we see today. Arbitration is recognised as cornerstone of modern dispute resolution and is key for India in its rapid economic progress and to make use of its demographic dividend," he said..Vaishnaw, the Minister of Railways, Communications and Electronics and Information Technology, said that a mindset of doing things together needs to reflect in all financial activities of the Indian economy."We should make Indian arbitration as unique as our UPI and culture," he stated. .Arbitration born in India; we do not need to learn it from others: Solicitor General Tushar Mehta.Read more about the ABI inaugural ceremony here.
