Business Standard

Special forum likely for foreign investors to ease contract woes

Law ministry in consultation with chief justices of high courts to designate one or more civil courts as special courts


Illustration: Ajay Mohanty

Shrimi Choudhary New Delhi
The Centre is likely to roll out a special dispute resolution mechanism for enforcing commercial contracts between foreign investors and the government, especially in relation to public infrastructure projects. 

The plan is to establish a consultative panel and appoint mediators to address various domestic issues, both at the central government and state levels, according to two officials in know. 

The move follows concerns flagged by  overseas investors about the cost and time involved in getting contracts honoured in India.  Public infrastructure contracts are often stuck due to government interventions at various levels even in approved cases. Even in the recent virtual meeting

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First Published: Nov 18 2020 | 6:05 AM IST

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