
178 International Business
Sectoral Dimensions of FDI Flows
FDI is prohibited in the following activities/sectors:
■ Retail trading (except single-brand product retailing)
■ Lottery business including government/private lottery and online lotteries
■ Gambling and betting including casinos
■ Business of chit fund
■ Nidhi company
■ Trading in transferable development rights (TDRs)
■ Real estate business or construction of farm houses
■ Manufacturing of cigars, cheroots, cigarillos, and cigarettes of tobacco
Activities/sectors not opened to private sector investment include atomic energy and railway
transport (other than mass rapid transport systems). ...