The India International Arbitration Centre (IIAC) has been established by the India International Arbitration Centre Act, a statute promulgated by the Parliament of India. The purpose of this enactment is to create an independent and autonomous regime for institutional arbitration. IIAC has been declared as an Institution of National Importance. The dispute resolution processes that are in place have a huge impact on the Indian economy and the global perception on doing business in India. To this end, the IIAC aims to inspire confidence amongst parties (both domestic and international) by providing a neutral dispute resolution platform for resolution of commercial disputes through a seamless arbitral process.