The Indian Council of Arbitration (ICA) was set up, pursuant to a recommendation of the Indian Ministry of Commerce, in 1965, under the Societies Registration Act, 1860. It is founded and sponsored among others by the Government of India and the Federation of Indian Chambers of Commerce and Industry. Many other public and private sector undertakings interested in commercial and arbitration matters are members of the Council. ICA is a non-profit service organisation for promotion of the use of commercial arbitration and the smooth flow of trade.

- Provides arbitration facilities for all types of domestic and international commercial disputes - Uses its good offices for conciliation of international trade complaints, non-performance of contracts or non-compliance with arbitration awards - Organises arbitration conferences and training programmes in different parts of India - Conducts research and publishes arbitration literature, including a quarterly Arbitration Journal - Provides information and advice to all interested parties on drafting of trade contracts and arbitration laws and on establishing dispute settlement procedures and facilities - Maintains cooperative links with arbitration bodies throughout the world

The ICA's services are available to all parties, irrespective of their membership in the Council. The facilities include court and conference rooms, ranging from 12 to 175 persons capacity.