The Indian Institute of Corporate Affairs (IICA) has signed a Memorandum of Understanding with the Hyderabad-based International Arbitration and Mediation Centre (IAMC). According to a government press release, this has been done to promote the alternative dispute resolution system in the country and boost ease of doing business.
This collaboration will focus on specialized capacity building, MSME mediation support, policy-oriented research, and advancing India's ADR framework towards Viksit Bharat@2047. The MoU was signed by IICA Chief Administrative Officer Col. Amandeep Singh Puri and IAMC CEO and Registrar A. J. Jawad.
Experts share views on the agreement
Emphasizing the importance of this collaboration, IICA Director General and CEO Gyaneshwar Kumar Singh said that it will help create a dedicated pool of dispute resolution professionals through customized courses and skill development programs. He also highlighted the importance of mediation in the MSME sector.
IAMC CEO and Registrar A. J. Jawad said that the institutes look forward to leveraging each other's expertise to develop structured programs and policy-oriented research to strengthen the dispute resolution mechanism in India.