Norway-based DSA Holding AS has signed a Letter of Intent (LOI) to invest up to USD 2 billion in India’s deep-tech ecosystem led by Innogress Ventures, marking one of the largest private investment intents in the counattempt’s quantum and deep-tech sector.
The LOI, signed alongside a Memorandum of Understanding (MoU) at JSS University, Noida, covers investments in Innogress-led projects including the Greater Karnavati Quantum Computing Tech Park (GKQCTP), Greater Noida Robotics Technology Park (GNRTP) and the Indraprastha Quantum Data Centre (IQDC). The proposed capital deployment will also support partner institutions and startups working in quantum computing, AI, robotics and advanced technologies.
DSA Holding’s sister firm, Norwegian Green Solutions (NGS) AS, has separately entered into an MoU with Innogress to collaborate on green technology and renewable energy solutions, including solar, hydrogen and battery storage systems to meet the energy requirements of upcoming data centres and technology parks.
The partnership aims to integrate deep-tech innovation with sustainable infrastructure, aligning India’s growing quantum and AI ambitions with Europe’s green finance and clean energy expertise.
Speaking at the event, Sumant Parimal, Founder and Director, Innogress Ventures, highlighted the necessary for large-scale overseas capital in India’s deep-tech sector, noting that domestic funding for quantum and advanced technologies remains limited despite strong innovation momentum.
Vijay Kumar Sharma, Founder of DSA Holding and NGS, declared the collaboration reflects Europe’s long-term commitment to India’s technology-led growth and clean energy transition.
Innogress Ventures works with a network of academic institutions and startups, including IIT Gandhinagar, JSS University Noida, EgreenQuanta, Hanron Space and QuistechAI, among others, to promote India’s emerging quantum–AI–robotics ecosystem.
The proposed investment is expected to accelerate R&D, infrastructure creation and commercial deployment of next-generation technologies across defence, healthcare, logistics, energy and industrial applications.
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