Which are the sectors in which Foreign Direct Investment (FDI) is prohibited as per Foreign Direct Investment-Regulation & Policy.
CS Executive · Economic, Business and Commercial Laws · PYQS · June 2024
Which are the sectors in which Foreign Direct Investment (FDI) is prohibited as per Foreign Direct Investment-Regulation & Policy.
Answer & Explanation:
Foreign Direct Investment is prohibited in following sector: Lottery Business including Government/private lottery, online lotteries, etc. Gambling and Betting including casinos etc. Chit funds Nidhi company Trading in Transferable Development Rights (TDRS) Real Estate Business or Construction of Farm Houses 'Real estate business shall not include development of townships, construction of residential/commercial premises, roads or bridges and Real Estate Investment Trusts (REITs) registered and regulated under the SEBI (REITs) Regulations 2014. Manufacturing of cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco Substitutes Activities/ sectors not open to private sector investment e.g. (I) Atomic Energy and (II) Railway operations (other than permitted activities). Foreign technology collaboration in any form including licensing for franchise, trademark, brand name, management contract is also prohibited for Lottery Business, Gambling and Betting activities.
Topics: Foreign Direct Investment (FDI)
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