Text of the Vice-President’s speech at Inaugural Session of the 6th ICC India Arbitration Day

Very warm good morning to all of you!

President, ICC International Court of Arbitration, Miss Claudia Salomon, a gifted personality committed with passion to arbitration for decades. Her presidency is a milestone achievement.
Mr. Alexander G. Fessas is the Secretary General of the ICC International Court of Arbitration. We heard him unfold his thoughts.
Mr. Tejus Chauhan - Director, South Asia, ICC Arbitration & ADR.
I must recognize the presence of very distinguished professionals like Ms. Pinky Anand. She has contributed to the system enormously. I must recognise the presence of Mr. Rajit Punhai Secretary, Rajya Sabha.  His presence would mean a lot as we will be in a position to take forward certain things on which I will be reflecting.
I have been associated with the International Court of Arbitration, also ICC Commission on Arbitration and all that I say may not be construed as supporting an institution as compared to other institutions that are holding the field. But surely, I'm not doing that also.
This inaugural session of 6th annual ICC India arbitration Day is coming at a very opportune time. We are in our Amrit Kaal. India, home to 1/6th of humanity is witnessing phenomenal economic rise. Already having overtaken the economies of the UK and France, we are positioned as the 5th largest global economy. By the turn of this decade, our Bharat would have overtaken the economies of Germany and Japan to become the 3rd largest global economy. That means, enough work for those who are in this room, and we need to have a very robust mechanism.

Celebration of the centenary of ICC Indian court is a very glorifying moment. I recall my days both in the commission and in the court. It was learning every time I went there. Getting in touch with distinguished professionals in the field was always an enriching experience. This is a platform beyond the normal arbitral process that you see. Some of the greatest minds on the globe scratch their brains, get together to make a contribution to the spine of an arbitration process. The journey of the Institution has been really great.