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Business News Today: Latest Business News, Finance News

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Visakhapatnam: Reliance sets up ₹1 lakh cr in new data ce...
2026-05-06 · via Business News Today: Latest Business News, Finance News

Reliance will set up a new data centre in Visakhapatnam with an investment of ₹1.08 lakh crore. A proposal in this regard was approved by the Andhra Pradesh State Investment Promotion Board (SIPB) chaired by Chief Minister N Chandrababu Naidu in Amaravati on Wednesday.

Reliance first announced its intention to invest in the state at the CII Partnership Summit held last year.  The SIPB also approved other investment proposals including Adani Energy Hydro Energy Pumped Storage Project (₹12,000 crore) and Motorcycle manufacturing plant in Tirupati by Royal Enfield (₹2,500 crore).

The approved investment proposal for the Reliance Data Center in Visakhapatnam will be the second major project of data center in the State. Last month, the construction of ₹15 lakh crore Google Cloud AI Hub commenced in Anakapalli near Visakhapatnam.

Speaking on the occasion, the Chief Minister said all MoUs being entered into by the state government should convert into investments. Measures should be take to ensure timely grounding of the approved investment projects, Naidu added., according to a release.

Published on May 6, 2026