Andhra Pradesh has secured investment agreements totalling $175 billion across 760 technology projects as part of a plan to establish a sprawling AI “data city” within a 100-kilometre radius of Visakhapatnam. This initiative aims to position the southeastern port city as India’s next digital hub, leveraging its emerging submarine cable connections to Singapore.

Brookfield Asset Management is partnering with Reliance Industries and Digital Realty in an $11 billion joint venture to construct a state-of-the-art AI data centre in Visakhapatnam. The facility will serve as a core component of the region’s AI infrastructure, marking Brookfield’s largest AI-related investment in India to date.

The Andhra Pradesh government is offering land to major investors at a nominal rate of one US cent per acre, alongside streamlined approvals and infrastructure support. These incentives are designed to attract companies that manufacture servers, cooling systems, and related technologies to establish local operations.

The joint venture allows Brookfield to expand its digital infrastructure portfolio and capture growth in India’s rapidly developing AI market. Long-term returns will depend on data centre utilization rates, power costs, and the broader adoption of AI services across the region.