Landomus takes ad route for USD 500 billion investment
A relatively unknown US based company Landomus Group ...
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. Landomus said Government of India, under its Invest India initiative, has created India Investment Grid (IIG) which outlines the National Infrastructure Pipleline (NIP) and Non-NIP projects, which it aims to complete by 2025, with a vision to provide quality lifestyle to its citizens, make India a global destination and reach the target of $ 5 Trillion economy.
“Due to the Covid Pandemic and the resulting loss of lives and livelihood, it is the need of the hour to invest in NIP and Non-NIP projects to boost the economy and generate jobs”, it said.
Build India initiative by Landomus Realty Ventures, aims to invest $500 Billion in Equity as the first phase of investment out of $2 Trillion and complete the NIP and Non-NIP projects through its group of investors and developers.