US-Based Landomus Realty Offers To Invest $500 Bn In India's Infra; Requests Meeting With PM Modi Via Newspaper Ad

Landomus Realty Ventures would like to invest $500 billion as equity in the first phase of the $2 trillion investment under building India into National Infrastructure Pipeline (NIP) and non-NIP projects listed by the government.

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Little known US-based Landomus Realty Ventures Inc. proposes to invest $500 billion or Rs 36,48,000 crore in India's infra sector, and its chairman Pradeep Kumar Satyaprakash has requested a meeting with Prime Minister Narendra Modi through newspaper advertisements.

The obscure American firm with a one-page website said Landomus Realty Ventures is happy to announce 'Build India."

Landomus Realty Ventures would like to invest $500 billion as equity in the first phase of the $2 trillion investment under building India into National Infrastructure Pipeline (NIP) and non-NIP projects listed by the government under India Investment Grid for "Invest India" initiative, read the company's website.

A mail sent to  Landomus Realty Ventures failed to evoke any response until the publication of this article, and the Prime Ministers Office (PMO) could not be immediately reached for its comments.

The company listed Mamatha H N, Yashas Pradeep Kumar, Rakshith Gangadhar, Gunashree Pradeep Kumar as directors, and Pamela Keough, Praveen Oscar Shiri, Praveen Muralidhar, AVV Bhaskar, and Naveen Sajjan as advisors.

The government of India, under its Invest India initiative, has created India Investment Grid (IIG) which outlines the National Infrastructure Pipeline (NIP) and Non-NIP projects, which it aims to complete by 2025, with a vision to provide a quality lifestyle to its citizens, make India a global destination and reach the target of USD 5 trillion economy.

Nirmala Sitharaman, Union Finance Minister, announced the NIP in December 2019. The government has projected a total infrastructure investment of Rs 111 lakh crore under the NIP for FY20-25.

"Due to the Covid Pandemic and the resulting loss of lives and livelihood, it is need of the hour to invest in NIP and Non-NIP projects to boost the economy and generate jobs," said the website.

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, it said.

Build India also aims to provide covid health care to the citizens of India to create a covid free and a healthy India, the website added.

According to Zoominfo, reports the company has 19 employees and a revenue of $5 million. On the other hand, a Whois lookup revealed that the company website was registered in 2015 by United Land Bank, which is headquartered in Karnataka's Sivan Chetty Gardens.