The correct answer is GIFT City, Gujrat. In order to facilitate timely settlement of disputes under international jurisprudence, the Centre will set up an International Arbitration Centre in Gujarat International Finance Tec-City (GIFT), Gujrat, said Union Finance Minister Nirmala Sitharaman on 01 February, 2022. Services for global capital for sustainable and climate finance in the country will be facilitated in the GIFT city. It is based on the principle of "maximum governance, minimum government" which is further strengthened through the application of litigation management. Important PointsUnion Finance Minister also said it has been observed that a lot of time and resources are consumed in the filing of appeals that involve identical issues. As per the Union Budget 2022-23, Union Law and Justice Ministry has allocated with total Rs 4054. 94 crore. Out of the said total amount, a sum of Rs. 3,393 crores has been allocated to the Law and Justice.