Budget Reaction on Arbitration: Gunita Pahwa, Joint Managing Partner, S&A Law Offices
"We welcome the Govt's decision to set up Int'l Arbitration Centre in GIFT City in Gujarat. Arbitration is one of the foremost alternate Dispute resolution mechanisms worldwide, and Govt's initiative is yet another step in strengthening dispute resolution through arbitration in India.
As Indian enterprises go global and many foreign enterprises enter India for business, this initiative will help ease the dispute resolution process. Hopefully, others will too be encouraged to set up such arbitration centres in other cities to give this initiative a further push," says Gunita Pahwa, Joint Managing Partner, S&A Law Offices.