Who cannot invest in FDI?

Who cannot invest in FDI?


  • person who is citizen of
  • Bangladesh
  • Pakistan
  • Entity incorporated in Pakistan or Bangladesh
  • Can invest in Indian Company only under Government route
  • in sectors other than defence, space, atomic energy and prohibited sectors (Reg. 15)
  • Lottery, gambling, betting, casino;
  • including foreign technology collaboration in any form.
  • to ensure foreign companies do not maintain their trade interests in India through the trademark or licensing route.
  • chit funds, nidhi company;
  • TDRs, real estate business or construction of farm house;
  • Manufacturing of Cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes;
  • Activities/ sector not open for private investment
  • Atomic energy, Railways.

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