There are certain activities that are not covered under the automatic route and that require prior Government approval and are considered by the Foreign Investment Promotion Board (FIPB). Following list include the activities for which automatic route for foreign investment is not available:

  • Banking
  • NBFC's Activities in Financial Services Sector
  • Civil Aviation
  • Petroleum Including Exploration/Refinery/Marketing
  • Housing & Real Estate Development Sector for Investment from Persons other than NRIs/ OCBs.
  • Venture Capital Fund and Venture Capital Company
  • Investing Companies in Infrastructure & Service Sector
  • Atomic Energy & Related Projects
  • Defence and Strategic Industries
  • Agriculture (Including Plantation)
  • Print Media
  • Broadcasting
  • Postal Services

Applications for all FDI cases except Non-Resident Indian (NRI) investments, 100% Export Oriented Units (EOUs) should be submitted to the FIPB Unit, Department of Economic Affairs (DEA) Ministry of Finance. However application for NRI investment and 100% EOU cases should be presented to Secretariat for Industrial Assistance (SIA) in Department of Industrial Policy & Promotion. (DIPP). would be pleased to guide you through this approval route. Contact us for further assistance.