Business EconomyPosted at: Jan 21 2026 12:52AM


AP Govt. RMZ announce strategic investment partnership

Vijayawada, Jan 20 (UNI) The Government of Andhra Pradesh and RMZ Group on Tuesday announced a strategic investment partnership at the World Economic Forum Annual Meeting 2026 in Davos, focused on developing large-scale mixed-use, digital and industrial infrastructure across the State.

The announcement was made in the presence of the Minister for Information Technology & Electronics Nara Lokesh and Chairman of RMZ Group. The partnership aligns with Andhra Pradesh’s vision to position Visakhapatnam as a nextgeneration mixed-use and digital infrastructure hub, while driving industrial and logistics-led development in the Rayalaseema region to ensure balanced regional growth and employment generation.

A release here on Tuesday said that RMZ Group proposes to develop a GCC Park 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.

The Group also plans a hyperscale data centre cluster in the Visakhapatnam region with a targeted capacity of up to 1 gigawatt in phases, requiring approximately 500 to 700 acres of land in Visakhapatnam region. The project will support next-generation digital and AI workloads with emphasis on sustainability and green power integration.

In Rayalaseema, RMZ Group proposes to 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 projects represent a proposed investment of approximately USD 10 billion over five to six years, with the potential to generate employment for around one lakh people across IT, data centres, industrial and logistics sectors.
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