landomus realty ventures inc
Landomus Realty, an American firm, writes to Prime Minister Modi and promises to 'invest' $500 billion in India's infrastructure.
Landomus Realty Ventures usa has announced a $500 billion equity investment in India's National Infrastructure Pipeline (NIP). The announcement was made in the form of a newspaper commercial in which the corporation appealed to Prime Minister Narendra Modi.
Landomus Realty, an American firm, has offered to invest $500 billion in India in an advertisement addressed to Modi.
In an advertisement published in a newspaper on Monday, the American firm Landomus Realty offered to ‘invest' USD 500 billion in India's infrastructure.
landomus realty ventures inc
in the advertising, Landomus Group Chairman Pradeep Kumar Satyaprakash said, "Landomus Realty Ventures Inc., USA, would like to invest USD 500 billion in equity as the first phase of the USD 2 trillion investment under Build India into the National Infrastructure Pipeline (NIP) and Non-NIP projects identified by the Government of India under the India Investment Grid for the 'Invest India' initiative."
The NIP was announced by Union Finance Minister Nirmala Sitharaman in December 2019. According to the NIP, the government plans to spend Rs 111 lakh crore in infrastructure between FY20 and FY25. The number of projects under the NIP was increased to 7,400 from 6,835 during the Union Budget 2021.
Landomus realty seeks to assist buyers and entrepreneurs in the execution of NIP and non-NIP schemes. The corporation stated that it intends to fund initiatives in electricity, social infrastructure, engineering, transportation, food processing and agriculture, water and sanitation, and other areas.
According to the company's website, its directors include Mamatha HN, Yashas Pradeep Kumar, Rakshith Gangadhar, and Gunashree Pradeep Kumar. Landomus' advisors are Pamela Keough, Praveen Oscar Shiri, Praveen Muralidhar, A.V.V Bhaskar, and Naveen Sajjan.
Finance Minister Nirmala Sitharaman has proposed in the latest budget to substantially increase capital spending to Rs 5.54 lakh crore in the next fiscal, as well as building structural frameworks and putting a strong emphasis on monetizing properties, to achieve the goals of the National Infrastructure Pipeline.
In the advertising, Landomus realiity Group Chairman Pradeep Kumar Satyaprakash said, "Landomus Realty Ventures Inc., USA, would like to invest USD 500 billion in equity as the first phase of the USD 2 trillion investment under Build India into the National Infrastructure Pipeline (NIP) and Non-NIP projects identified by the Government of India under the India Investment Grid for the 'Invest India' initiative."
According to Satyaprakash, Landomus wants to help investors and developers complete NIP and non-NIP schemes. The corporation stated that it intends to fund initiatives in electricity, social infrastructure, engineering, transportation, food processing and agriculture, water and sanitation, and other areas.
Landomus has announced the news on its website.
According to the company's website, its directors include Mamatha HN, Yashas Pradeep Kumar, Rakshith Gangadhar, and Gunashree Pradeep Kumar. Landomus' advisors are Pamela Keough, Praveen Oscar Shiri, Praveen Muralidhar, A.V.V Bhaskar, and Naveen Sajjan.
The firm had a one-page website that didn't have any information about the company. According to Zoominfo, the business employs 19 people and generates $5 million in sales. However, a Whois search revealed that United Land Bank, based in Sivan Chetty Gardens in Karnataka, India, registered the business website in 2015.
The NIP was announced by Union Finance Minister Nirmala Sitharaman in December 2019. According to the NIP, the government plans to spend Rs 111 lakh crore in infrastructure between FY20 and FY25.
The number of projects under the NIP was increased to 7,400 from 6,835 during the Union Budget 2021.
NIP, which was launched in December 2019 with 6,835 projects, has now grown to 7,400 projects, with about 217 projects worth Rs 1.10 lakh crore completed under main infrastructure ministries, according to Sitharaman.
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