business
RMZ-Colt to invest ₹1.77 lakh crore in Andhra Pradesh data centre
Archived — last updated
RMZ and Colt Data Centres will invest ₹1.77 lakh crore to build a 1.25-GW data centre in Visakhapatnam’s Anandapuram. The Andhra Pradesh government approved the project, identifying 200 acres in Jagnadhapuram village for the facility.
Latest updates
RMZ-Colt to invest ₹1.77 lakh crore in Andhra Pradesh data centre
RMZ, an integrated alternative-assets platform, and Colt Data Centres will jointly invest ₹1.77 lakh crore to establish a 1.25-gigawatt data centre in Visakhapatnam’s Anandapuram. The Andhra Pradesh government’s State Investment Promotion Committee approved the project last week. About 200 acres of land has been identified at Jagnadhapuram village for the facility. The investment is part of the state’s push to attract high-tech infrastructure projects. The project is expected to create significant employment and boost the local economy.
Sources
AI-assisted summary of the reporting above. Quotes are kept to one sentence. Copyright concern? See our DMCA takedown page.
Topics
Related stories
Latin American banana producers seek higher pay amid climate crisis
Banana producers in Latin America are calling for better pay to help cope with the impact of the climate crisis, as they face big drops in
Democratic midterm sweep threatens Trump tariffs and AI expansion
Democrats won U.S. House and Senate, threatening Trump's tariffs and AI plans
EU considers acting on Russia shadow fleet sanctions without US support
Since Russia's full-scale invasion of Ukraine , Moscow has increasingly relied on a so-called shadow fleet to bypass Western sanctions and