RMZ Group announces $10 billion investment in Andhra Pradesh

RMZ Group, one of India’s leading real estate and infrastructure developers, has announced a $10 billion investment plan in Andhra Pradesh over the next five to six years, signalling a major push towards digital, industrial and technology-led development in the State. The announcement was made jointly by the New Delhi-based company and the Andhra Pradesh government at the World Economic Forum summit in Davos, underscoring the State’s growing appeal among global investors.

A key component of the proposed investment is the development of a Global Capability Centre park at Kapuluppada Phase I IT Park in Visakhapatnam. Spread across 50 acres, the GCC Park is planned with a potential built-up area of up to 10 million square feet and is expected to attract global enterprises looking to establish technology, engineering and back-office operations in India.

In parallel, RMZ Group plans to set up a hyperscale data centre cluster in the Visakhapatnam region with a targeted capacity of up to one gigawatt. The project, to be developed in phases, will require between 500 and 700 acres and is aimed at supporting next-generation digital infrastructure, artificial intelligence workloads and cloud-based services, with a strong focus on sustainability and green power integration.

The investment roadmap also includes the development of an Industrial and Logistics Park at Tekulodu in the Rayalaseema region, spread across nearly 1,000 acres. This facility is expected to boost manufacturing activity, warehousing and logistics operations, while helping to create a balanced regional growth model within Andhra Pradesh.

According to the State government, the combined projects are expected to generate around one lakh jobs across information technology, data centres, industrial manufacturing and logistics segments, significantly strengthening employment opportunities for local youth.

On the sidelines of the Davos summit, Andhra Pradesh Chief Minister N Chandrababu Naidu held discussions with global technology leaders, including IBM Chairman and CEO Arvind Krishna and Google Cloud CEO Thomas Kurian, focusing on quantum computing, artificial intelligence training and fast-tracking proposed data centre investments in the State.

With large-scale infrastructure commitments, policy support and a focus on future-ready sectors, Andhra Pradesh is positioning itself as a key destination for global digital and industrial investments.