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Indian Council of Arbitration
The Indian Council of Arbitration was set up in 1965 as the apex arbitration body by the Government for promoting and encouraging amicable settlement of foreign trade disputes with a view to generating goodwill in the field of foreign trade. The Council’s objectives include
- Propagation and popularization of the idea of commercial arbitration in relation to foreign trade
- Arranging arbitration of disputes in international trade through its constituent members
- Maintenance of panels of persons to act as arbitrators
- Collaboration with international organizations and arbitral bodies in matters
- Concerning international commercial arbitration
The ICA was established in 1965 as a specialized arbitral body at the national level under the initiatives of the Government of India and apex business organizations such as FICCI, etc. However, subsequently, the ICA attained an autonomous status and became an independent body. The main objective of ICA is to promote amicable, quick and inexpensive settlement of commercial disputes by means of arbitration, conciliation, regardless of location.
Today, ICA is not only the leading arbitral institution in India, it is one of the most important arbitration centers in the Asia Pacific, handling more than 200 domestic and international arbitration cases each year. It also provides the commercial world with unrivalled and time-tested Maritime Arbitration services and imparts education and training in alternative dispute resolution mechanisms. Coupled with our quality case administration and panel of arbitrators, ICA is the one resource for all dispute resolution needs.
