RMZ to invest $10 billion in Andhra Pradesh

Bengaluru: RMZ, a privately-owned alternative asset owners and operators, and the Government of Andhra Pradesh on Tuesday announced a strategic investment partnership at the World Economic Forum Annual Meeting 2026 in Davos, aimed at facilitating long-term global investment of approximately $10 billion into mixed-use, digital and industrial infrastructure across the state.

As part of the collaboration RMZ will develop a GCC at Kapuluppada Phase-1 IT Park in Visakhapatnam, with a potential built-up area of up to 10 million square feet over approximately 50 acres, aimed at attracting global enterprises and strengthening the city’s GCC ecosystem.

RMZ will also plan a hyperscale data centre cluster in the Visakhapatnam region with a targeted capacity of up to 1 gigawatt, developed in phases, requiring approximately 500–700 acres of land. The proposed data centre platform will support next-generation digital and AI workloads, with a strong emphasis on sustainability and green power integration, the company said in a statement.

In the Rayalaseema region, RMZ would develop an Industrial and Logistics Park at Tekulodu over approximately 1,000 acres, anchoring industrial manufacturing, warehousing and logistics activity in the region.

Together, the proposed developments will generate employment for around one lakh people across IT, data centres, industrial and logistics sectors.

Commenting on the partnership, Manoj Menda, Chairman - Supervisory Board, RMZ, said, “Through this partnership, RMZ aims to create globally benchmarked IT, data centre, and industrial ecosystems in Visakhapatnam and Rayalaseema that can attract global enterprises, generate meaningful employment, and support Andhra Pradesh’s ambition to become a major hub for technology-led growth.”