Andhra Pradesh IT & HRD Minister Nara Lokesh during a discussion with RMZ Group Chairman Manoj Menda at the World Economic Forum meeting in Davos. | Photo credit: Special arrangement
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The Government of Andhra Pradesh and RMZ Corporation have announced a major strategic investment partnership at the 2026 Annual Meeting of the World Economic Forum (WEF) to develop large-scale mixed-use, digital, industrial and logistics infrastructure in the state.
The announcement was made in the presence of Andhra Pradesh IT and HRD Minister Nara Lokesh and RMZ Group Chairman Manoj Menda.
The partnership is in line with the state government’s vision to position Visakhapatnam as a next-generation digital and multi-purpose infrastructure hub while promoting industrial and logistics growth in the Rayalaseema region to ensure balanced regional development and job creation.
As part of the proposed investment, RMZ Group plans to develop a Global Capability Center (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 businesses and strengthening the emerging GCC ecosystem in Visakhapatnam.
The RMZ Group has also proposed to set up a cluster of hyperscale data centers in the Visakhapatnam region with a target 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, with a strong focus on sustainability and green energy integration.
In the Rayalaseema region, RMZ Group plans to set up a large industrial and logistics park at Tekulod covering an area of approximately 1,000 acres. The project is expected to anchor manufacturing, warehousing and logistics in the region and increase industrial employment.
Collectively, the proposed projects represent an estimated investment of approximately US$10 billion over five to six years, with the potential to create employment for nearly 1,000 people in IT, data center, manufacturing and logistics.
The Andhra Pradesh government has reiterated its commitment to speed of doing business through single point facilitation, timely land allotment and time-bound approvals, noting that predictable policies and certainty of implementation continue to boost investor confidence in the state.
Published – 20 Jan 2026 20:23 IST
