en.Wedoany.com Reported - India's diversified real estate and investment company RMZ plans to expand its data center capacity to 2 to 3 gigawatts over the next five years, as part of its $35 billion investment plan.

Bangalore-based RMZ currently has 250 megawatts of operational capacity. Deepak Chhabria, President of RMZ Infrastructure, said in an interview with Reuters on Thursday that the company is in the final stages of negotiations for three data center projects, which will bring total capacity to over 1 gigawatt. Chhabria added that to support 2 gigawatts of capacity, the company also plans to acquire land by the end of the year. In April, RMZ announced plans to invest over $35 billion in the next five years to build colocation data centers and artificial intelligence factories, and may pursue an initial public offering.

As global tech companies and Indian conglomerates commit billions of dollars to AI infrastructure and data centers, India has become one of the most competitive regions in the computing capacity market. The country's digital infrastructure sector, encompassing data centers, cloud, and AI ecosystems, is expected to attract over $50 billion in planned spending. Chhabria said the company has observed positive signals from hyperscale customers and expects capacity to begin ramping up by mid-year as customers sign contracts. He did not disclose specific customer names.

RMZ's operations cover major Indian cities including Bangalore, Mumbai, and Hyderabad. Chhabria stated that the company views data center expansion as an entry point into related businesses such as graphics processing units (GPUs), power infrastructure, and software. He said the company plans to use its existing business as a springboard to move upstream and build the underlying power infrastructure needed to support AI and cloud computing. RMZ's current 250 megawatts of capacity is achieved through a joint venture with UK-based Colt Data Centre Services, and both parties are exploring further growth opportunities.

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