On 13 May 2024, the Indian government announced that the Permanent Court of Arbitration (PCA) will set up an office at VK Krishna Menon Bhawan in New Delhi. In furtherance of this development, delivering the valedictory address after the ‘Conference on International Arbitration and Rule of Law’, Supreme Court Judge, Justice Surya Kant opined that: “Today, India stands at the threshold of a new era in arbitration. Not only is it rapidly becoming a preferred mode of dispute settlement in our country, but it is also receiving ever-increasing infrastructural support.”