Andhra Pradesh and RMZ Group Forge $10 Billion Digital Infrastructure Partnership
The Government of Andhra Pradesh partners with RMZ Group to invest $10 billion in developing digital, mixed-use, and industrial infrastructure, including a Global Capability Centre Park and hyperscale data centre in Visakhapatnam, and an Industrial and Logistics Park in Rayalaseema, aiming to boost employment and regional development.
- Country:
- Switzerland
In a landmark move announced at the World Economic Forum Annual Meeting 2026, the Government of Andhra Pradesh has inked a strategic investment deal with RMZ Group. The partnership aims to develop expansive digital and industrial infrastructure across the state.
The proposed projects include the establishment of a Global Capability Centre Park in Kapuluppada, Visakhapatnam, which will cover up to 10 million square feet on 50 acres. Additionally, a hyperscale data centre cluster with a capacity of up to 1 gigawatt is planned for the Visakhapatnam region. The state capital will also house an Industrial and Logistics Park in Rayalaseema, extending over 1,000 acres.
This ambitious collaboration promises an estimated investment of USD 10 billion over the next five to six years and aims to generate large-scale employment opportunities. Key attendees at the announcement included the Minister for Information Technology & Electronics and the Chairman of RMZ Group, reaffirming the state's commitment to streamlined business operations and investor confidence.
ALSO READ
-
African Venture Capital Gets a Boost as Oxford Programme Builds Investor Connections
-
Services Trade Hits $9.6 Trillion, Opening New Doors for Developing Economies
-
Lee Jae Myung's Diplomatic Milestones: Balancing Amidst Global Tensions
-
Canadian Trade Minister Heads to India for Pivotal Economic Talks
-
Japan's Economic Crossroads: Takaichi's Bold Moves Amidst Debt Concerns
Google News