RMZ Corp, a privately-held Indian developer, has announced a joint venture with UK-based Colt Data Centre Services (Colt DCS) to invest $1.7 billion in the Indian data centre market. The investment will focus on building three data centres in Mumbai as companies rush to develop infrastructure to capitalize on the AI boom. This significant investment underscores the growing demand for data centres in India, driven by advancements in technology and increasing data consumption.