As per the Foreign Direct Investment (FDI) policy in India, the foreign investor either does not require any approval or should obtain prior approval of the Government of India for the investment. (1) Are there any excep

Under the Foreign Direct Investment (FDI) policy, there are only 2 routes of investment viz, Automatic route, where no approval is required and general permission is allowed and another is Approval route where the prior permission from the Government is required. However, there are prohibited sectors which act as an exception for direct investment. These are mentioned as under: Lottery business including Government/private lottery/private lottery, online lottery, etc. Gambling and betting including casinos, etc. Chit funds. Nidhi company. Trading in TORs. Real estate business or construction of farm house. 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 transport (Other than Mass Rapid Transport Systems). 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.