India becoming a hub of international arbitration says Justice JS Khehar

Vastavam web: Chief Justice of India J S Khehar today 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.The zero interference by the government will give room for foreign traders in India that the process here is neutral.”In my view, it will promote further confidence of traders in arbitration in the country,” he said.