Assuring full government support in the process of resolving disputes, the Commerce Ministry today asked industry body CII to provide list of all cases of dispute on export contracts between India and any other country.
Joint Secretary in the Ministry of Commerce and Industry J K Daddo suggested that if WTO Dispute Resolution Mechanism is followed, disputes can be settled amicably, CII said in a statement.
"Dadoo asked CII to provide them with a list of all cases of dispute on export contracts between India and any other country and assured full support by his ministry to the Indian companies in the process of resolving disputes," it said.
The official said the ministry is also working on strengthening the dispute resolution framework of the anti-dumping disputes.
Dadoo was speaking at CII's summit on Salvaging Dispute Resolution.
The chamber said with increasing number of Indian industry engaged in global businesses and commercial transactions, alternate dispute resolution is emerging as the popular mode of resolving commercial disputes.
Lalit Bhasin, Chairman, CII Task Force on dispute resolution said courts are flooded with public interest litigations which is making it difficult for ordinary litigants and commercial entities with genuine disputes to access the courts of law.
Bhasin said delays in judgement to litigations, particularly in commercial context are hindering the growth of the economy.
He also said looking at the rising costs of arbitration, "we have to encourage and promote mediation and conciliation methods".