Andhra Pradesh, announced a strategic investment partnership with RMZ, one of Asia’s largest privately-owned alternative asset managers, at the World Economic Forum Annual Meeting in Davos. The collaboration aims to bring approximately USD 10 billion into mixed-use, digital, and industrial infrastructure projects across the state.
The alliance reflects RMZ’s long-term commitment to nation-building through the creation of critical real assets and institutional development ecosystems. It aligns with Andhra Pradesh’s vision to establish Visakhapatnam as a cutting-edge mixed-use and digital infrastructure center, while promoting industrial and logistics growth in the Rayalaseema region for balanced regional development and employment generation.
RMZ plans to develop a hyperscale data center cluster in the Visakhapatnam region, targeting a capacity of up to 1 gigawatt across phases. The initiative requires approximately 500–700 acres of land and will support next-generation digital and AI workloads with a focus on sustainability and green power integration.
In the Rayalaseema region, RMZ intends to establish an Industrial and Logistics Park at Tekulodu over approximately 1,000 acres. This development will serve as a hub for industrial manufacturing, warehousing, and logistics activities in the region.
Nara Lokesh, the Minister for Information Technology, Electronics & Communications (ITE&C) Department, and Human Resources Development, expressed his enthusiasm about the partnership, stating, “Andhra Pradesh has been a frontrunner in technological advancement and the expansion of Global Capability Centers (GCCs) in India.
This partnership strengthens the State’s digital and enterprise infrastructure ecosystem by partnering with a credible and trustworthy organization like RMZ, enabling us to attract global enterprises, create high-quality employment opportunities, and sustain long-term technology-led growth across key regions of the State.”
