India’s first maritime arbitration centre to be set up in Gandhinagar

The Gujarat Maritime University has signed a Memorandum of Understanding (MoU) with the International Financial Services Centres Authority (IFSCA) in GIFT City to set up the Gujarat International Maritime Arbitration Centre (GIMAC).
GIMAC will be the first of its kind centre in India to manage arbitration and mediation proceedings for disputes related to the maritime and shipping sector.
It will be part of a maritime cluster that is being set up by Gujarat Maritime Board (GMB) at GIFT City in Gandhinagar.