Large and Medium Industries Minister M B Patil

Luxembourg-based Innovation Platform Capital (iPC), which has interests in digital infrastructure, renewable energy and green hydrogen, has proposed an investment of Rs 83,480 crore in Karnataka in three phases, Large and Medium Industries Minister M B Patil said on Monday.

He held discussions here with a high-level delegation from the company, led by Gursharan Singh Kundan, Managing Partner and Chairman, iPC Global.

In a statement, the minister said iPC has proposed an integrated Bengaluru-Tumakuru green hydrogen and hyperscale data centre platform, with a total IT load of 2,250 MW and green hydrogen capacity of 1,000 MW across three phases.

The current proposal covers the first phase, involving a gross investment of Rs 17,114 crore, he said.

The first phase will comprise 400 MW of data-centre capacity, spread across two campuses of 200 MW each, along with a 500 MW green hydrogen and power complex. The company has sought 1,000 acres of land for the project, with about 400 acres each proposed for the data centres and the green power complex, Patil said.

"The remaining 200 acres would be earmarked for safety and environmental buffers, including the proposed separation zone for the hydrogen facility," the statement from the minister's office said.

The project is expected to require around 13 million litres per day (MLD) of water, primarily sourced from treated industrial or CETP effluent, the statement said.

The company proposes to recycle 80-85 per cent of the water, with limited borewell water serving as a backup, if required, it added.

Published on August 25, 2026