Sector wise Entry routes and Equity Caps for FDI

• Floriculture, Horticulture, and Cultivation of Vegetables & Mushrooms under controlled conditions;
• Development and Production of seeds and planting material; 
• Animal Husbandry (including breeding of dogs), Pisciculture, Aquaculture, Apiculture ; and 
• Services related to agro and allied sectors 

Note: Besides the above, FDI is not allowed in any other agricultural sector/activity

• Tea sector including tea plantations 
• Coffee plantations 
• Rubber plantations
• Cardamom plantations 
• Palm oil tree plantations
• Olive oil tree plantations  

Note: Besides the above, FDI is not allowed in any other plantation sector/activity. 

• Mining and Exploration of metal and non-metal ores
• Coal & Lignite
• Mining and mineral separation of titanium bearing minerals and ores, its value addition and integrated activities

• Exploration activities of oil and natural gas fields, infrastructure related to marketing of petroleum products and natural gas.
• Petroleum refining by the Public Sector Undertakings (PSU), without any disinvestment or dilution of domestic equity in the existing PSUs.

Manufacturing activities may be either self-manufacturing by the investee entity or contract manufacturing in India through a legally tenable contract, whether on Principal to Principal or Principal to Agent basis. 

Defence Industry subject to Industrial license under the Industries (Development & Regulation) Act, 1951 and Manufacturing of small arms and ammunition under the Arms Act, 1959 

• Teleports(setting up of up-linking HUBs/Teleports);
• Direct to Home (DTH); 
• Cable Networks (Multi System operators (MSOs) operating at National or State or District level and undertaking upgradation of networks towards digitalization and addressability); 
• Mobile TV; 
• Headend-in-the Sky Broadcasting Service(HITS);
• Cable Networks

2.BROADCASTING CONTENT SERVICES 

• Terrestrial Broadcasting FM (FM Radio)
• Up-linking of ‘News & Current Affairs’ TV Channels
• Uploading/Streaming of News & Current Affairs through Digital Media
• Up-linking of Non- ‘News & Current Affairs’ TV Channels/ Down-linking of TV Channels

Government 

Government 

Government 

Government 

49% 

49% 

26%

100%

• Publishing of newspaper and periodicals dealing with news and current affairs
• Publication of Indian editions of foreign magazines dealing with news and current affairs 

1.AIRPORTS

• Greenfield projects
• Existing projects

2.AIR TRANSPORT SERVICES

• Scheduled Air Transport Service*/ Domestic Scheduled Passenger Airline and Regional Air Transport Service

• Non-Scheduled Air Transport Services
• Helicopter services/seaplane services requiring DGCA approval 

3.OTHER SERVICES UNDER CIVIL AVIATION SECTOR

• Ground Handling Services subject to sectoral regulations and security clearance 
• Maintenance and Repair organizations; flying training institutes; and technical training institutions. 

Automatic up to 49% (Automatic up to 100% for NRIs)

Government route beyond 49%

Automatic

Automatic

Automatic

Automatic

100%

100%

100%

100%

100%

Construction-development projects (which would include development of townships, construction of residential/commercial premises, roads or bridges, hotels, resorts, hospitals, educational institutions, recreational facilities, city and regional level infrastructure, townships)

Industrial Parks -new and existing 

Satellites- establishment and operation, subject to the sectoral guidelines of Department of Space/ISRO

Private Security Agencies 

Government route beyond 49% and up to 74%

Telecom Services (including Telecom Infrastructure Providers Category-I) 

Government route beyond 49%

• Cash & Carry Wholesale Trading/Wholesale Trading (including sourcing from MSEs) 
• E-commerce activities
• Single Brand Product Retail Trading
• Multi Brand Retail Trading 
• Duty Free Shops 

Automatic

Automatic

Government

Automatic

100%

100%

51%

100%

Railway Infrastructure

Asset Reconstruction Company’ (ARC) means a company registered with the Reserve Bank of India under Section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act).

Banking- Private Sector 

Government route beyond 49% and up to 74%.

Banking- Public Sector subject to Banking Companies (Acquisition & Transfer of Undertakings) Acts 1970/80. This ceiling (20%) is also applicable to the State Bank of India and its associate Banks.

Credit Information Companies

Infrastructure companies in Securities Markets, namely, stock exchanges, commodity exchanges, depositories and clearing corporations, in compliance with SEBI Regulations

• Insurance Company
• Intermediaries or Insurance Intermediaries including insurance brokers, re-insurance brokers, insurance consultants, corporate agents, third party administrator, Surveyors and Loss Assessors and such other entities, as may be notified by the Insurance Regulatory and Development Authority of India from time to time.

Government 

100%

Pension Sector

Power Exchanges registered under the Central Electricity Regulatory Commission (Power Market) Regulations, 2010.

White Label ATM Operations 

Financial Services activities regulated by financial sector regulators, viz., RBI, SEBI, IRDA, PFRDA, NHB or any other financial sector regulator as may be notified by the Government of India

• Greenfield 

• Brownfield 

Automatic up to 74% 

Government route beyond 74%

100%