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

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The Andhra Pradesh government and RMZ Corporation have announced a major strategic investment partnership at the World Economic Forum (WEF) Annual Meeting 2026, aimed at developing large-scale mixed-use, digital, industrial, and logistics infrastructure in the State.

The announcement was made in the presence of Andhra Pradesh Minister for IT and HRD, Nara Lokesh and RMZ Group chairman Manoj Menda. 

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.

In the Rayalaseema region, RMZ Group plans to establish a large Industrial and Logistics Park at Tekulodu, spanning around 1,000 acres. The project is expected to anchor manufacturing, warehousing, and logistics activity in the region and boost industrial employment.

Collectively, the proposed projects represent an estimated investment of around USD 10 billion over five to six years, with the potential to generate employment for nearly 1 lakh people across IT, data centres, manufacturing, and logistics sectors.

The Andhra Pradesh government reiterated its commitment to ensuring speed of doing business through single-point facilitation, timely land allotment, and time-bound approvals, noting that predictable policies and execution certainty continue to strengthen investor confidence in the State.