Honorable Chief Justice of India NV Ramana on Friday emphasized the need for arbitration, mediation, and conciliation as investors want "ease of doing business" and the proposed International Arbitration and Mediation Centre in Hyderabad would go a long way in helping both domestic and foreign investors in settling their disputes as early as possible.

In his address at a function organized at the residence of the Telangana High Court's Chief Justice Hima Kohli, he described former Prime Minister P.V. Narasimha Rao as the father of economic reforms in the country, noting that the reforms started during the Congress leader's rule. "You know the father of the economic reforms in the country is none other than P.V. Narasimha Rao, “son of Telangana”. Under his leadership, in India for the first time, economic reforms started," he said.

"It is a burden; you know, once you come to the court... how many years it takes and of course, hierarchy starting from civil courts to Supreme Court. How many years it takes... we have eminent arbitrators in this country, some of the international arbitrators, who are world famous, also willing to participate in this arbitration centre," he said.

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