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