00:43 GMT13 June 2021
Listen Live
    Get short URL
    0 04

    If it looks too good to be true, it probably is too good to be true – and this ad looks to good to be true.

    On Monday, an unknown "US-based" company – Landomus Realty Venture Inc. – put out an advert in leading Indian dailies outlining its intention to invest a whopping $500 billion in infrastructure projects listed by the Indian government.

    However, the announcement has sparked suspicion among observers in the country. 

    ​In the newspaper ad, a Landomus Realty Venture Inc.'s representative requests a meeting with Modi, raising further suspicion. 

    “We have a concrete plan to make India pandemic free and request you to present us an opportunity to present our plan,” the advertisement reads. It also lists the name of the company’s chairman, Pradeep Kumar S.

    “Landomus Group aims to assist the government in its endeavour to rebuild India and achieve the $5 trillion Gross Domestic Product (GDP) target,” the ad continues.

    The company says its investment in India will be pumped into the National Infrastructure Pipeline (NIP), an initiative launched by Modi’s government in 2019.

    The advert also says that any investment will be part of the “Invest India” project, an initiative of the federal Commerce Ministry aiming to facilitate all incoming investments into the country.

    A closer look at Landomus Group’s records shows that it has just 19 employees and a revenue of $3 million. Moreover, it's registered as a non-govermental company in the Indian city of Bengaluru.

    ​The company was registered in July 2015 with a paid-up capital of 100,000 INR ($1,371) and an authorised share capital of 1 million INR ($13,730).



    Second COVID Wave Has Hampered India's Economic Recovery by 15%, Unemployment to Rise - Economist
    India Enters Technical Recession as Its GDP Contracts 7.5%
    Indian Stock Markets Tumble as Fears About Poor Health of US Economy Spooks Investors
    investment, Narendra Modi, India
    Community standardsDiscussion