Reply: Sectors/activities not open to private investment include atomic energy and railway transport (other than mass rapid transport systems).
Investments can be made by non residents through two routes: the automatic route and the government route. Under the automatic route, the non resident investor or the Indian company does not require prior approval of the Government of India, through the FIPB (Foreign Investment Promotion Board), for the investment. Under the government route, prior approval of the Government of India, through the FIPB, is required.
11. What are the policies in India to develop special economic zones? Please provide examples. (Page 25, paragraph 66)
