Gujarat International Maritime Arbitration Centre

Gujarat International Maritime Arbitration Centre (GIMAC), which is being established in Gujarat International Finance Tec-City (GIFT City) near Ahmedabad, will manage arbitration and mediation proceedings on disputes focusing on maritime and shipping sector. This is the first of such facility to be set up in India. It will be part of a maritime cluster that is being set up by the Gujarat Maritime Board.

The facility is expected to be operationalised by the end of August this year. The Gujarat Maritime University and the International Financial Services Centres Authority have signed a MoU to promote GIMAC.

Written by IAS POINT

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