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.
UNI DP RN
Please log in to get detailed story.
Tags: #AP Govt. RMZ announce strategic investment partnership
More News

CEA Nageswaran urges urgent, coordinated action on AI

16 Feb 2026 | 4:33 PM

New Delhi, Feb 16 (UNI) Chief Economic Advisor (CEA) V Anantha Nageswaran on Monday said that progress in Artificial Intelligence (AI) will not occur by “drift” and stressed the need for urgency, political will, and strong state capacity to harness its benefits.

see more..

Sanofi Healthcare expands its GCC in Hyderabad

16 Feb 2026 | 4:10 PM

Hyderabad, Feb 16 (UNI) Sanofi Healthcare India Pvt. Ltd. (SHIPL) on Monday announced the expansion of its Global Capability Centre (GCC) in Hyderabad, adding over 2.7 lakh square meters of state-of-the-art workspace within its existing campus in Hitech City.

see more..

Ottonomy unveils ‘Ottobots’ at India AI Impact Summit to boost smart logistics

16 Feb 2026 | 4:03 PM

New Delhi, Feb 16 (UNI) Ottonomy Inc on Monday unveiled its Made-in-India autonomous delivery robots, ‘Ottobots’, at the India AI Impact Summit here, showcasing how artificial intelligence and robotics can transform deliveries across hospitals, campuses and urban areas.

see more..

Digital payments surge 11-fold; UPI now accounts for 80 pc of transactions: Report

16 Feb 2026 | 3:42 PM

New Delhi, Feb 16 (UNI) India's digital payments ecosystem has witnessed an unprecedented expansion over the past four years, with transactions growing nearly eleven-fold and UPI emerging as the dominant mode of payment, accounting for around 80 per cent of total digital transactions, according to a report released by the Department of Financial Services (DFS).

see more..

India deal activity slowed in Jan: Grant Thornton Bharat

16 Feb 2026 | 3:12 PM

New Delhi, Feb 16 (UNI) Deal activity in India began 2026 on a subdued note, with overall transaction volumes and values declining sharply in January amid the absence of large-ticket mergers and acquisitions (M&A), according to the latest Dealtracker report by Grant Thornton Bharat released here on Monday.

see more..