Petroleum

1. Under the exploration policy FDI upto 100% is allowed for small fields through competitive bidding; upto 60% for unincorporated JV; and upto 51% for incorporated JV with a No objection Certificate for medium size fields.
2. For refining, FDI is permitted upto 26% (PSU holding of 26% and balance 48% public). In case of private Indian company, FDI is permitted upto 49%.
3. For petroleum products and pipeline sector, FDI is permitted upto 51%.
4. FDI is permitted upto 74% in infrastructure related to marketing and marketing of petroleum products.
5. 100% wholly owned subsidiary (WOS) is permitted for the purpose of market study and formulation.
6. 100% wholly owned subsidiary is permitted for investment/Financing.
7. For actual trading and marketing, minimum 26% Indian equity is required over 5 years.

The automatic route is not available

Housing & Real Estate

(i) Foreign investment scheme specific to NRIs and OCBs covers the following:

1. Development of serviced plots and construction of built up residential premises
2. Investment in real estate covering construction of residential and commercial premises including business centres and offices.
3. Development townships
4. City and regional level urban infrastructure facilities, including both roads and bridges
5. Investment in manufacture of building materials
6. Investment in participatory ventures in (a) to (e) above.
7. Investment in housing finance institutions.

*(ii) FDI up to 100% is permitted for development of integrated townships, including housing, commercial premises, hotels, resorts, city and regional level urban infrastructure facilities such as roads and bridges, mass rapid transit systems; and manufacture of building materials. Development of land and providing allied infrastructure will form an integral part of township's development, for which necessary guidelines/norms relating to minimum capitalization, minimum land area, etc. will be notified separately by the Government. FDI in the sector would be permissible with prior Government approval.

Coal and Lignite

1. Private Indian companies setting up or operating power projects as well as coal or lignite mines for captive consumption are allowed FDI upto 100%.
2. 100% FDI is allowed for setting up coal processing plants subject to the condition that the company shall not do coal mining and shall not sell washed coal or sized coal from its coal processing plants in the open market and shall supply the washed or sized coal to those parties who are supplying raw coal to coal processing plants for washing or sizing.
3. FDI upto 74% is allowed for exploration or mining of coal or lignite for captive consumption.
4. In all the above cases, FDI is allowed upto 50% under the automatic route subject to the condition that such investment shall not exceed 49% of the equity of a PSU.

Venture Capital Fund (VCF) and Venture Capital Company (VCC)

An offshore venture capital company may contribute upto 100% of the capital of a domestic venture capital fund and may also set up a domestic asset management company to manage the fund.

VCFs and VCCs are permitted upto 40% of the paid up corpus of the domestic unlisted companies. This ceiling would be subject to relevant equity investment limit in force in relation to areas reserved for SSI. Investment in a single company by a VCF/VCC shall not to exceed 5% of the paid-up corpus of a domestic VCF/VCC.

The automatic route is not available.