The State Cabinet on Monday approved the Karnataka Data Centre Policy 2022 with a focus on creating demand and value for data centres, by providing a robust and well-connected ecosystem for the growth of data centres in the State.
The policy offered many concessions including capital subsidy, 100% exemption of land conversion fees, exemption of stamp duty, concessional registration charges, power tariff concession, green power tariff reimbursement, and exemption from electricity duty. The policy has a vision “to position Karnataka as the destination of choice for futuristic data centres in the country and to make Karnataka an integral part of the global data centre ecosystem and digital supply chain”.
The policy aims at attracting domestic and foreign investments of around ₹10,000 crore, to develop more than 200 MW capacity Data Centre Industry in Karnataka by 2025, Law and Parliamentary Affairs J.C. Madhuswamy and IT/BT Minister C.N. Ashwath Narayan said.
