iPC Proposes ₹83,480 Crore Karnataka Investment Across Green Hydrogen and Data Centres

Luxembourg-based Innovation Platform Capital (iPC) has proposed an investment of ₹83,480 crore in Karnataka over three phases, with plans to develop an integrated green hydrogen and hyperscale data centre platform along the Bengaluru-Tumakuru corridor.

The proposal was discussed by Karnataka Large and Medium Industries Minister M B Patil with a senior iPC delegation led by Gursharan Singh Kundan, Managing Partner and Chairman of iPC Global.

The overall project is planned with a total IT load of 2,250 MW and green hydrogen capacity of 1,000 MW once all three phases are developed.

The first phase carries a proposed investment of ₹17,114 crore. It is expected to include 400 MW of data centre capacity, divided between two campuses of 200 MW each, along with a 500 MW green hydrogen and power complex.

For the project, iPC has sought around 1,000 acres of land. About 400 acres each would be used for the data centre campuses and the green power complex, while the remaining 200 acres would provide safety and environmental buffers, including a separation zone around the hydrogen facility.

Water availability is another important component of the proposed development. The project is expected to require around 13 million litres of water per day, with treated industrial wastewater or CETP effluent proposed as the primary source.

iPC also plans to recycle between 80% and 85% of the water used by the project. Borewell water would be kept as a limited backup source if required.

The proposed investment comes as Karnataka continues to attract large-scale projects linked to data infrastructure, renewable energy and emerging clean-energy technologies. The Bengaluru-Tumakuru corridor, in particular, is positioned to benefit from growing demand for digital infrastructure and industrial development.

The scale of the proposed project also highlights the increasing overlap between data centre growth and energy infrastructure. Hyperscale facilities require substantial and reliable power, while the proposed integration with green hydrogen and renewable power could support iPC’s broader clean-energy strategy.

For Karnataka, the project could bring significant investment and infrastructure development if the proposal progresses through land, regulatory and other approval processes. The immediate focus will be on the first phase and the conditions required to move the larger three-phase plan forward.

The ₹83,480 crore proposal therefore represents a potentially significant addition to Karnataka’s investment pipeline, combining digital infrastructure with green hydrogen and renewable power generation along the Bengaluru-Tumakuru growth corridor.