Mumbai, Sep 27 (KNN) With the view to improve ease of doing business in the country, country's first major Centre for International Arbitration is being launched in Mumbai.

The Mumbai Centre for International Arbitration (MCIA) will be launched in Mumbai on 8 October.

The move would help making India a hub of international commercial arbitration and helping ensure ease of doing business.

It is a joint venture between the Maharashtra government, industry members and the legal fraternity.

The Centre will help Indian businesses to conduct arbitration in India as per global standards.

So far, Singapore, London and Hong Kong have been the preferred destinations for commercial arbitration for Indian parties.