RMZ to invest $35 billion in data centers, boost capacity to 3GW in five years

Indian real estate and investment firm RMZ is set to significantly expand its data center capacity, aiming for 2-3 gigawatts within the next five years as part of a substantial $35 billion investment push. The company, currently operating 250 megawatts, is nearing the final stages of discussions for three new data center projects that will push its total capacity beyond 1 gigawatt.

Deepak Chhabria, president of RMZ Infrastructure, revealed the company's ambitious plans in an interview, stating that RMZ also intends to secure land by the end of the year capable of supporting an additional 2 gigawatts of data center capacity. This move follows RMZ's April announcement of its intention to invest over $35 billion in co-location data centers and AI factories, alongside exploring a potential initial public offering.

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We are seeing only positive signs from some of the hyperscalers, and I think by the middle of this year, we will start ramping up capacity as we get clients signed up.

India's digital infrastructure market is experiencing intense competition, with global technology giants and domestic conglomerates committing billions to AI infrastructure and data centers. The sector is projected to attract over $50 billion in planned spending. Chhabria expressed optimism about securing clients, anticipating a ramp-up in capacity by mid-year. RMZ sees this expansion as a strategic entry into related businesses, including graphics processing units (GPUs), power infrastructure, and software, aiming to build a foundational layer for AI and cloud computing.

The firm's existing capacity was developed through a joint venture with UK-based Colt Data Centre Services, and both entities are exploring further growth avenues.

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Now we will use that as a stepping stone eventually to go up the food chain and build the bottom layer of power.