Sectors where  Foreign Investment (FDI) is not permitted under FDI Policy
S. No. Sector/Activity
1. Lottery Business including Government/private lottery, online lotteries, etc.*

 

2. Gambling and Betting including casinos*

 

3. Chit Funds

 

4. Nidhi Company

 

5. Trading in Transferable Development Rights (TDR)

 

6. Real Estate Business or Construction of farm houses**

 

7. Manufacturing of cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes

 

 

Sectors not open to private sector investment- atomic energy, railway operations (other than permitted activities mentioned under the Consolidated FDI policy)

*Foreign technology collaboration in any form including licensing for franchise, trademark, brand name, management contract is also prohibited for Lottery Business and Gambling and Betting activities

**Real estate business shall not include the development of town shops, construction of residential/ commercial premises, roads or bridges and Real Estate Investment Trusts (REITs) registered and regulated under the SEBI (REITs) Regulations, 2014