To establish an institution for speedy arbitrations of commercial disputes which are inordinately delayed and disgusting at present.
To provide facilities for arbitration and conciliation in domestic as well as international disputes.
To prove that speedy resolution of disputes is the key to speedy development of the Country and a game changer for the economy of India.
To make such rules of the Centre which provides least interference of the government and the courts in the conduct of arbitration and to enable making of the awards in the least possible and within specified time.
To introduce if required online arbitration or any method, process or system so as to achieve speedy arbitration.
To ensure that the arbitration is conducted by the arbitrators who are knowledgeable and experienced in the field of arbitration and contracts and honest and fair to the core.
To ensure that the cost of arbitration is most reasonable and fair to the parties as well as to arbitrators.
To popularize among the businessmen, contractors, companies, professionals, individuals, arbitration through the Centre as the fastest avenue to resolve their disputes and to redeem their blocked money and progress of the business.
To inspire the government bodies, public authorities, govt. enterprises, public sector undertaking, govt. and semi-govt., institutions etc. to entrust their disputes for resolution through arbitration, to the Centre for speedy arbitration in the interest of efficiency in their organizations.
To collaborate with other national and international arbitration organizations in order to carry the mission of speedy arbitration forward.
To disseminate information and education on arbitration, arbitral laws & rules, procedures court judgements etc. by publishing papers, periodicals, pamphlets, journals, bulletins etc. organizing and participating in conferences, seminars, meetings in India and abroad.
To study the existing laws & rules on arbitration in India and to assist the government in making improvements in them as at might be considered necessary in public interest as a result of the study.
To make main Rules of the Centre providing for establishment of various bodies, committee, sub-committee, various offices and authorities to man Centre in order to achieve the aforesaid aims and objections of the Centre.
To make Rules, Regulations, Byelaws etc. for the conduct of the affairs of the Centre and to add to, amend, vary or rescind them from time to time.
To prepare a panel of suitable arbitrators for conducting arbitrations.
To contact and list various govt. departments, govt. undertakings, public sector undertaking,
public sector enterprises, govt. / public institutions, corporate, private companies etc. in India and abroad who would be interested in entrusting their arbitration cases to the Centre.
To fix and publish from time to time the arbitral fee for the arbitrators and administrative charges for the Centre which would be payable by the parties to the dispute.
To promote and train the prospective arbitrators.
To purchase, take on lease or rent or otherwise acquire any land or building which may be necessary for carrying out the various aim, objects and functions of the Centre.
To raise funds and money required for the functioning of the Centre through donations, loans etc. as might be permissible and decided by the Centre.
To do all such other law-full acts or things which are conducive or incidental to the attainment of the aforesaid aims and objectives of the Centre.