RMZ Plans $35 Billion Investment Push to Scale Data Centre Capacity to 2–3 GW Across India
Indian diversified real estate and investment firm RMZ plans to scale its data centre capacity to 2–3 gigawatts over the next five years as part of a $35 billion investment push, according to a senior company executive.
The Bengaluru-headquartered company, which currently operates 250 megawatts of capacity, is in the final stages of discussions for three data centre projects that would take its total capacity beyond 1 gigawatt. The firm also plans to acquire land by year-end that could support 2 gigawatts of additional data centre capacity.
In April, RMZ had announced plans to invest more than $35 billion over the next five years to build co-location data centres and AI factories, along with a potential initial public offering. The company operates across major Indian cities including Bengaluru, Mumbai and Hyderabad.
RMZ built its existing 250 MW capacity through a joint venture with UK-based Colt Data Centre Services, and the two companies are exploring further growth opportunities together. The company sees its data centre expansion as an entry point into allied businesses such as graphics processing units (GPUs), power infrastructure and software, aiming to eventually build out the broader power and compute supply chain supporting AI and cloud computing in India.