The Union Cabinet cleared a proposal to set up a regional branch of the Permanent Court of Arbitration (PCA) in New Delhi, a move that will help local and foreign companies as well as the government to resolve disputes through arbitration. The proposed branch would provide a forum for international arbitration in India for disputes arising in the country and the region. It would reduce cost of arbitration, encouraging frequent recourse to the alternative method of settling disputes. The facility would benefit both state as well as non-state entities, such as foreign companies, which have made investments in the region.
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