RMZ has partnered with the Government of Andhra Pradesh to invest up to USD 10 billion over the next five to six years in mixed-use, digital and industrial infrastructure across the state. The partnership was announced at the World Economic Forum Annual Meeting 2026 in Davos and reflects RMZ’s long-term, platform-led approach to building institutionally governed real asset ecosystems.

The collaboration aligns with Andhra Pradesh’s strategy to position Visakhapatnam as a next-generation mixed-use and digital infrastructure hub, while promoting industrial and logistics-led development in the Rayalaseema region to support balanced regional growth and job creation.

Manoj Menda, Chairman of the Supervisory Board at RMZ, said Andhra Pradesh is emerging as one of India’s most attractive destinations for next-generation digital and industrial infrastructure. He highlighted the state’s clarity of vision, speed of decision-making and commitment to regional development as key factors driving investor confidence. Through this partnership, RMZ aims to create globally benchmarked IT, data centre and industrial ecosystems in Visakhapatnam and Rayalaseema, capable of attracting global enterprises, generating employment and supporting technology-led growth.

Under the collaboration, RMZ will develop a global capability centre at the Kapuluppada Phase-I IT Park in Visakhapatnam, with a potential built-up area of up to 10 million square feet across about 50 acres. The project is designed to strengthen the city’s global capability centre ecosystem and attract multinational enterprises.

RMZ also plans to establish 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 will require around 500 to 700 acres of land and will support next-generation digital and artificial intelligence workloads, with a strong emphasis on sustainability and green power integration.

In the Rayalaseema region, RMZ will develop an industrial and logistics park at Tekulodu across roughly 1,000 acres, aimed at anchoring industrial manufacturing, warehousing and logistics activities. The project is expected to strengthen regional industrial capacity and enhance supply chain infrastructure.

Nara Lokesh, Minister for Information Technology, Electronics and Communications and Human Resources Development in Andhra Pradesh, said the state has been at the forefront of technological advancement and the expansion of global capability centres in India. He added that the partnership with RMZ would reinforce the state’s ability to attract global enterprises, scale high-quality employment and sustain long-term technology-driven growth across key regions.

RMZ currently owns and operates more than 70 million square feet of real assets across six major Indian cities, with assets exceeding USD 20 billion. The developer follows an integrated owner–operator model, enabling it to design, develop and manage large-scale infrastructure platforms aligned with evolving economic and technological trends.

The proposed investment programme is expected to significantly strengthen Andhra Pradesh’s digital, industrial and urban infrastructure, positioning the state as a major hub for technology, manufacturing and logistics in India’s next phase of growth.