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Real estate developer RMZ Group has partnered with the Andhra Pradesh Government to invest $10 billion in setting up a Global Capability Centre (GCC) Park and a 1-gigawatt hyperscale data centre in the state over the next five to six years. The project, announced at the World Economic Forum Summit in Davos, aims to develop large-scale mixed-use, digital and industrial infrastructure across Andhra Pradesh.

The GCC Park will be developed at the Kapuluppada Phase-1 IT Park in Visakhapatnam, spanning 50 acres, with a potential built-up area of up to 10 million square feet. This facility is designed to attract global enterprises looking to establish large GCC operations in India.

Additionally, RMZ Group plans to set up a hyperscale data centre cluster in the Visakhapatnam region, with a targeted capacity of up to 1 gigawatt, requiring approximately 500–700 acres of land.

RMZ Group also proposes to develop an industrial and logistics park at Tekulodu, spread across about 1,000 acres, to promote manufacturing, warehousing and logistics activity in the Rayalaseema region.

“These projects are expected to generate about one lakh jobs across the IT, data centre, industrial and logistics sectors,” the company said.

Meanwhile, Andhra Pradesh Chief Minister N. Chandrababu Naidu held discussions with Arvind Krishna, Chairman and CEO of IBM.

“We discussed the Quantum Computing Centre in Amaravati, the establishment of a Quantum Innovation Centre, and training one million youth in artificial intelligence skills,” the Chief Minister said in a post on X.

He also met Thomas Kurian, CEO of Google Cloud, to follow up on the proposed Google AI Data Centre in Visakhapatnam. “We discussed fast-tracking the project for its timely completion,” he said.

Earlier, he addressed The AP Advantage session organised by the Confederation of Indian Industry (CII).