Other facilities and privileges contemplated under FIPPA and its Implementing Regulations are as follows:
– Convertibility and transfer ability of the funds resulting from various investment and transfer of technology agreements;
– Possibility of submission of investment disputes to international tribunals;
– Recruitment of foreign staff related to the investment projects;
– Export of goods and services without any commitment to reintroduce export proceeds to the Country (i.e., no surrender commitment requirement) ;
– Direct access to and possibility of withdrawal of export proceeds out of Escrow accounts established in banks outside the Country;
– In applicability of price control, distribution as well as local content and manufacturing requirements.