RMZ Announces Strategic Investment Partnership with the Government of Maharashtra at WEF Davos 2026 to Facilitate Investments up to USD 30 Billion
Davos, Switzerland / Mumbai, Jan 23: RMZ, Asia’s leading integrated alternative-assets platform owned by the Menda family, today announced a strategic investment partnership with the Mumbai Metropolitan Region Development Authority (MMRDA) and City & Industrial Development Corporation of Maharashtra Limited (CIDCO) at the World Economic Forum (WEF) Annual Meeting 2026 in Davos.
Under this long-term partnership, RMZ plans to facilitate investments of up to USD 30 billion across the Mumbai Metropolitan Region over the next ten years in a phased manner. The initiative has the potential to generate approximately 3 lakh direct and indirect jobs throughout the project lifecycle. The collaboration is designed to drive economic growth through foreign direct investment (FDI) in urban, regional, and infrastructure development.
As part of the partnership with MMRDA, RMZ will lead investment structuring and capital mobilisation, alongside master planning, project development, and long-term asset management, leveraging global best practices across real estate, infrastructure, logistics parks, and data centres. MMRDA will support land identification and aggregation, provide policy-level support, and facilitate approvals and planning for the projects.
In collaboration with CIDCO, RMZ will develop new data centre and commercial projects in Navi Mumbai, with project execution expected to commence in FY 2026-27. CIDCO will support RMZ in obtaining necessary permissions, land allotments, approvals, and clearances from relevant government authorities in line with Maharashtra’s policies and regulations.
A CIDCO spokesperson said,
“We are excited to announce this partnership with RMZ, which aligns with Maharashtra’s vision to attract large-scale, technology-led infrastructure projects, strengthen digital resilience, and meet India’s growing demand for data-driven services. Navi Mumbai is fast emerging as a preferred hub for high-value data centres and digital infrastructure. This collaboration will enable planned, future-ready development by providing the necessary infrastructure, approvals, and ecosystem support for long-term digital and economic growth.”
Commenting on the partnership, Mr. Manoj Menda, Chairman – Supervisory Board, RMZ, said,
“Large, long-duration investments require more than capital; they demand alignment, trust, and strong institutional frameworks. Maharashtra’s focus on planned development and long-term economic value creation provides an ideal foundation. This strategic investment partnership reflects RMZ’s commitment to patient capital, sound governance, and building infrastructure platforms designed to deliver enduring economic outcomes.”
Mr. Deepak Chhabria, President – RMZ Infrastructure, added,
“Mumbai and its surrounding regions are emerging as critical hubs in India’s digital infrastructure and data-driven economy. RMZ already has approximately 230 MW of colocation capacity across its digital infrastructure platform, including assets in and around Mumbai. The partnership with MMRDA and CIDCO supports the next phase of expansion for future-ready data centre and AI infrastructure aligned with global standards. Our focus remains on developing efficient, sustainable platforms to support India’s growing digital economy over the long term.”
The collaboration aims to transform strategic locations into thriving growth hubs, enhance connectivity, and accelerate the implementation of key infrastructure projects, driving economic growth and long-term investment certainty for global capital.