To promote Alternative Dispute Resolution (ADR) mechanisms in India, the Government has enacted the India International Arbitration Centre Act, 2019. This legislation led to the establishment of the India International Arbitration Centre (IIAC), an independent and autonomous body designed to facilitate efficient institutional arbitration. The primary goal is to make India a hub for international commercial arbitration.
In a significant boost to the ecosystem, several key Central Public Sector Enterprises (CPSEs) have integrated the IIAC as their designated arbitral institution. During the financial year 2024-25, the following major entities adopted the IIAC model in their dispute resolution clauses:
- Oil and Natural Gas Corporation (ONGC)
- Gas Authority of India Limited (GAIL)
- Bharat Petroleum Corporation Limited (BPCL)
This move aligns with the government's objective to standardize and expedite dispute resolution in the public sector.
The IIAC and the Department of Legal Affairs have conducted several events to raise awareness among stakeholders:
- June 2025: A conference organized in collaboration with ONGC to educate CPSEs about the benefits of institutional arbitration.
- September 2025: An 'Oxford-Style Debate' hosted at the Delhi High Court on the topic of Institutional Arbitration.
- Exporters' Webinar: A session held with the Federation of Indian Exports Organisation (FIEO) to help exporters resolve commercial disputes efficiently.
The IIAC has launched the inaugural edition of its annual magazine, featuring articles from national and international practitioners. The Centre operates under the India International Arbitration Centre (Conduct of Arbitration) Regulations, 2023, ensuring a uniform and efficient procedure for all parties involved.
Source: Ministry of Law and Justice (PIB)
Date: 05 Feb 2026
