In which of the sectors foreign investment is prohibited?
i. Manufacturing of Cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes
ii. Lottery Business including Government / private lottery, online lotteries, etc.
iii. Trading in Transferable Development Rights (TDRs)
iv. Real Estate Business or Construction of Farm Houses

Foreign investment is prohibited in the following sectors: i.            Lottery Business including Government / private lottery, online lotteries, etc. ii.            Gambling and Betting including casinos etc. iii.            Chit funds iv.            Nidhi company v.            Trading in Transferable Development Rights (TDRs) vi.            Real Estate Business or Construction of Farm Houses vii.            Manufacturing of Cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes viii.            Activities / sectors not open to private sector investment e.g. (I) Atomic energy and (II) Railway operations (other than permitted activities mentioned in entry 18 of Annex B). 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.