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The dance of development - The Hindu

Let’s not quibble over millions and billions, but direct the greenbacks where it’s needed ....

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Obscure, one-page website firm Landomus Realty writes to PM Modi, offers to 'invest' $500 billion

New Delhi, May 24
An obscure US-based firm with just 19 employees, USD 15 million in revenue and hosting just a one-page website wants to invest USD 500 billion in equity into India s National Infrastructure Pipeline (NIP).
Landomus Realty Ventures released statements via advertisements and on its website, stating it wants 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 listed by the government of India .
In the advertisement issued in leading newspapers, Landomous Group chairman Pradeep Kumar Satyaprakash said his group aims to assist the Government in its endeavour to rebuild India and achieve the USD 5 trillion GDP target . ....

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Newspaper ad seeking PM Modi's permission to invest $500 bn in India raises eyebrows

Newspaper ad seeking PM Modi s permission to invest $500 bn in India raises eyebrows
Landomus Realty s ad claims it aims to make India a global destination by supporting the completion of NIP and Non-NIP projects
Manoj Sharma | May 24, 2021 | Updated 12:42 IST
Social media users are questioning authenticity of newspaper ad. Many also called out the company for its obscure nature
An advertisement from a company purportedly based in the US has raised eyebrows on social media with the way it has approached the government for an investment worth $500 billion in various infra projects under the National Infrastructure Pipeline (NIP) and Non-NIP projects. Questions are being raised as to why a company that claims to invest funds worth $500 billion in India needs to do so via an ad in newspapers and not seek an appointment with Prime Minister Narendra Modi directly. ....

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Landomus takes ad route to request PM for $500 billion investment

Landomus takes ad route to request PM for $500 billion investment
By
IANS
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SC asks banks to finalise proposals to finance unfinished Amrapali projects. Image Source: IANS News
New Delhi, May 24 : A relatively unknown US based company Landomus Group has announced a Build India programme under which it would like to invest $500 Billion in Equity as the first phase of the $2 Trillion investment.
This would be into the National Infrastructure Pipeline (NIP) and Non-NIP projects listed by the Government of India under the India Investment Grid for Invest India initiative.
Landomus announced this through a newspaper advertisement addressed to Prime Minister Narendra Modi. Eyebrows are being raised as to why ads are put out for investments into NIF addressed to PM Modi when there are well laid out channels for foreign and domestic investors. ....

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The $ 500 Billion Investment Offer through a Newspaper Ad!

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While India has spread a red carpet for investors, especially from overseas, there appears to be one investor, who used a newspaper advertisement to seek an appointment with prime minister Narendra Modi to invest $500 billion in India.

Pradeep Kumar S, chairman and chief executive of Landomus group, in the advertisement addressed to the PM, says, Landomus Realty Ventures Inc, US, would like to invest USD 500 billion in equity as the first phase of investment into the national infrastructure pipeline (NIP) and non-NIP projects listed by the government of India under the India investment grid for invest India initiative.

As per the advertisement, Landomus Realty Ventures aims to make India a global destination by supporting the completion of NIP and non-NIP projects through its group of investors and developers. ....

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