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    <title>Annexure A - List of Activities for which requires prior approal or for which FDI is prohibited</title>
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    <description>Annex A of the FEMA Regulations lists activities for which FDI is prohibited or requires prior government approval. Prohibited sectors include lottery business, gambling and betting, chit funds, Nidhi companies, trading in TDRs, real estate business/construction of farm houses, and manufacture of specified tobacco products; activities not open to private sector investment (such as atomic energy and certain railway operations) are also excluded. Foreign technology collaboration for lottery and gambling is expressly barred. The annex records multiple statutory substitutions and notifications amending this list.</description>
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      <description>Annex A of the FEMA Regulations lists activities for which FDI is prohibited or requires prior government approval. Prohibited sectors include lottery business, gambling and betting, chit funds, Nidhi companies, trading in TDRs, real estate business/construction of farm houses, and manufacture of specified tobacco products; activities not open to private sector investment (such as atomic energy and certain railway operations) are also excluded. Foreign technology collaboration for lottery and gambling is expressly barred. The annex records multiple statutory substitutions and notifications amending this list.</description>
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