A.P, RMZ Group announce $10 billion investment partnership in Davos

Key Highlights

• The partnership is aligned with the State government’s vision of positioning Visakhapatnam as a next-generation digital and mixed-use infrastructure hub, while promoting industrial and logistics-led growth in the Rayalaseema region to ensure balanced regional development and employment generation.
• As part of the proposed investment, RMZ Group plans to develop a Global Capability Centre (GCC) Park at Kapuluppada Phase-1 IT Park in Visakhapatnam, with a potential built-up area of up to 10 million sft spread over nearly 50 acres.
• The project is aimed at attracting global enterprises and strengthening Visakhapatnam’s emerging GCC ecosystem.
• The RMZ Group has also proposed to set up 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 would need approximately 500 acres to 700 acres of land and is designed to support next-generation digital and artificial intelligence workloads, with a strong emphasis on sustainability and green power integration.