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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 . ....
Landomus takes ad route to request PM for $500 billion investment By IANS | 0 Views 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. ....
ICRA pegs Q4 GDP growth 2%; FY21 contraction at 8.45% PTI Mumbai | Updated on The NSO projection of a double-dip contraction would thus, be avoided Domestic rating agency ICRA on Monday forecast a 2 per cent uptick in growth during the March FY21 quarter, and 3 per cent from the gross value-added perspective. This would mean that the NSO projection of a double-dip contraction is avoided. The agency has placed the full-year contraction at 8.45 per cent. Its chief economist Aditi Nayar expects the annualised GDP growth at 2 per cent in the March quarter, up from 0.40 per cent in the December quarter. The agency has projected the GVA growth at 3 per cent in Q4 of FY21, up from 1 per cent in Q3, suggesting that the double-dip recession implied by the National Statistics Office (NSO) for Q4 is averted. ....