Archive · 25 Aug 2026
iPC proposes ₹83,480 crore Karnataka green infrastructure investment
Innovation Platform Capital, or iPC, wants to build large technology and clean-energy facilities in Karnataka.
The project would be developed near Bengaluru and Tumakuru.
It would include data centers, which store and process digital information, and facilities that produce green hydrogen.
The entire project could cost ₹83,480 crore and would be built in three phases.
The first phase is expected to cost ₹17,114 crore.
It would include two data-center campuses and a green hydrogen and power complex.
The company has asked for 1,000 acres of land.
The project would use treated industrial wastewater where possible and aims to recycle most of its water.
Luxembourg-based Innovation Platform Capital has proposed investing ₹83,480 crore in Karnataka across three phases.
The plan includes a Bengaluru-Tumakuru platform combining hyperscale data centers and green hydrogen facilities.
The full proposal targets 2,250 MW of data-center IT load and 1,000 MW of green hydrogen capacity.
The first phase involves ₹17,114 crore, including 400 MW of data-center capacity and a 500 MW green hydrogen and power complex.
The project would require 1,000 acres of land and about 13 million litres of water daily, with most water intended for recycling.
- Who
- Innovation Platform Capital, led in the discussions by Managing Partner and Chairman Gursharan Singh Kundan, made the proposal; Karnataka Industries Minister M B Patil announced it.
- What
- A proposed ₹83,480 crore, three-phase platform combining hyperscale data centers, renewable energy and green hydrogen facilities.
- When
- The proposal was reported on August 25, 2026.
- Where
- The proposed platform would be located in the Bengaluru-Tumakuru area of Karnataka.
- Why
- The proposal aims to develop digital infrastructure and green hydrogen capacity in Karnataka.
- Total proposed investment
- ₹83,480 crore across three phases
- First-phase investment
- ₹17,114 crore
- Planned data-center capacity
- 2,250 MW of total IT load across three phases; 400 MW in the first phase
- Planned green hydrogen capacity
- 1,000 MW across three phases; 500 MW in the first phase
- Land requirement
- 1,000 acres, including land for data centers, the green power complex and safety and environmental buffers
- Daily water requirement
- Approximately 13 million litres, primarily from treated industrial or CETP effluent
- Water recycling target
- 80-85 per cent, with limited borewell water as a possible backup