Selling out the last pieces of family silvers.
Which are the sectors where FDI is not
allowed in India, both under the Automatic
Route as well as under the Government Route?
Ans. FDI is prohibited under the Government
Route as well as the Automatic Route in the
following sectors:
i) Atomic Energy
ii) Lottery Business
iii) Gambling and Betting
iv) Business of Chit Fund
v) Nidhi Company
vi) Agricultural (excluding Floriculture,
Horticulture, Development of seeds, Animal
Husbandry, Pisciculture and cultivation of
vegetables, mushrooms, etc. under controlled
conditions and services related to agro and
allied sectors) and Plantations activities (other
than Tea Plantations) (c.f. Notification No. FEMA
94/2003-RB dated June 18, 2003
).
vii) Housing and Real Estate business (except
development of townships, construction of
residential/commercial premises, roads or
bridges to the extent specified in Notification
No. FEMA 136/2005-RB dated July 19, 2005
).
viii) Trading in Transferable Development Rights
(TDRs).
ix) Manufacture of cigars , cheroots, cigarillos
and cigarettes , of tobacco or of tobacco
substitutes. oh my friend talk without any knowledge still above sector r pending to open for fdi here is source plz refer it
, rbi.org.in/scripts/FAQView.aspx?Id=26