The Attorney General contextualized ABI's formation within the broader landscape of arbitration initiatives in India, tracing its roots back to the year 1998 and acknowledging the efforts of various organizations such as the Indian Arbitration Forum (IAF) and the Indian Council of Arbitration (ICA).
He emphasized the need for India to assert its position in the global arena of dispute resolution, the need to move away from historical hesitations and embracing promotion of fair and dharmic dispute resolutions.
Venkataramani concluded his address by emphasizing the need for collective and concerted efforts in advancing India's position in the field of arbitration.
"India needs all our collective and concerned efforts.
And what good is a preamble to the Constitution, "We the people of Bharat," if we are not that people," he said.
The Attorney General contextualized ABI's formation within the broader landscape of arbitration initiatives in India, tracing its roots back to the year 1998 and acknowledging the efforts of various organizations such as the Indian Arbitration Forum (IAF) and the Indian Council of Arbitration (ICA).
He emphasized the need for India to assert its position in the global arena of dispute resolution, the need to move away from historical hesitations and embracing promotion of fair and dharmic dispute resolutions.
"As India is able to unfold its maturity and wisdom on what should be a world of equity in equal regard, a world beyond Bronze and Stone Age hegemony, we are also called upon to draw some broad blueprints for fair and the dharmic dispute resolutions. We have in our basket of experiences, many stories of bilateral multilateral treaties investment engagements, both internal and external and global experiences are good harvest, not only of a seminar contemplation but for utilitarian ends into quick translations into schemes and practices," he said.
Venkataramani concluded his address by emphasizing the need for collective and concerted efforts in advancing India's position in the field of arbitration.
"India needs all our collective and concerned efforts. And what good is a preamble to the Constitution, "We the people of Bharat," if we are not that people," he said.
