From Our Correspondent
Davos: The Government of Andhra Pradesh and RMZ Group on Monday announced a strategic investment partnership involving proposed investments of up to USD 10 billion, aimed at developing large-scale digital, industrial and logistics infrastructure across the State.
The announcement was made at the World Economic Forum (WEF) Annual Meeting 2026 in Davos in the presence of Andhra Pradesh Minister for Information Technology & Electronics Nara Lokesh and RMZ Group Chairman Manoj Menda.
Under the proposed partnership, RMZ Group plans to develop a Global Capability Centre (GCC) Park at the Kapuluppada Phase-1 IT Park in Visakhapatnam. Spread across nearly 50 acres, the project is envisaged with a potential built-up area of up to 10 million square feet, positioning Visakhapatnam as a major destination for global enterprises and shared services operations.
In a major push to digital infrastructure, RMZ Group has also proposed a hyperscale data centre cluster in the Visakhapatnam region with a targeted capacity of up to 1 gigawatt, to be developed in phases. The project is expected to require between 500 and 700 acres and will cater to next-generation digital, cloud and AI workloads, with a focus on sustainability and green power integration.
To ensure balanced regional growth, RMZ Group further proposed the establishment of an Industrial and Logistics Park at Tekulodu in the Rayalaseema region, spread over approximately 1,000 acres. The facility is expected to anchor manufacturing, warehousing and logistics activities, creating a strong industrial base in the region.
According to officials, the proposed projects together represent an estimated investment of USD 10 billion over five to six years and have the potential to generate employment for nearly one lakh people across IT services, data centres, industrial manufacturing and logistics.
The Andhra Pradesh government reiterated its commitment to providing a business-friendly ecosystem through single-point facilitation, timely land allotment and time-bound approvals. Officials said policy predictability and execution certainty remain central to the State’s strategy to attract large-scale global investments, reinforcing Andhra Pradesh’s position as a preferred investment destination in India.