AP Secures Rs 85,000 Crore Investment from RMZ Group at Davos Summit

• Andhra Pradesh IT Minister Nara Lokesh secured a major investment from RMZ Group at the World Economic Forum in Davos.
• RMZ Group will invest $10 billion (approximately Rs. 85,000 crores) over 5-6 years in AP's IT, data center, and logistics sectors.
• Investments target Visakhapatnam and Rayalaseema, aiming to create approximately one lakh direct jobs.
• Projects include a 'Global Capability Center (GCC)' park and a 1-gigawatt 'Hyperscale Data Center' in Visakhapatnam.
• An industrial and logistics park will be established in Tekulodu, Sri Sathya Sai district, Rayalaseema, focusing on manufacturing and warehousing.

Why It Matters: Andhra Pradesh secured a massive Rs 85,000 crore investment from RMZ Group, promising significant job creation and industrial growth.