Which are the sectors in Indian economy where Foreign Direct Investment (FDI) is not allowed under the present foreign direct investment policy?
CS Executive · Economic and Commercial Laws · PYQS · June 2021
Which are the sectors in Indian economy where Foreign Direct Investment (FDI) is not allowed under the present foreign direct investment policy?
Answer & Explanation:
As per Foreign Direct Investment (FDI) Policy, Foreign Direct Investment (FDI) is not allowed in the following Sectors: 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 businesses 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. Atomic Energy and Railway operations (other than permitted activities).
Topics: Foreign Direct Investment (FDI)
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