Odisha signs pact with IFC to strengthen PPP ecosystem

Bhubaneswar: The Odisha government on Thursday signed a Programmatic Transaction Advisory Services Agreement (TASA) with the International Finance Corporation (IFC), the private sector arm of the World Bank Group, to strengthen the state’s Public-Private Partnership (PPP) ecosystem and attract private investment in key infrastructure sectors.

The agreement was signed in the presence of Chief Secretary Anu Garg, who said mobilising private capital is crucial for achieving the state’s vision of Viksit Odisha 2036 and enhancing Odisha’s position at the national and global levels. She described IFC as a key knowledge partner in building a robust PPP framework for the state.

Shalabh Tandon, Regional Head of Operations and Acting Regional Director (South Asia), IFC, said Odisha remains a priority for the organisation and expressed confidence that the partnership would help accelerate infrastructure development through private sector participation.

Under the one-year engagement, IFC will identify at least 20 commercially viable PPP projects with an estimated cumulative investment of around USD 2 billion. The projects will span priority sectors such as renewable energy, power transmission, logistics and transport, urban infrastructure, e-mobility and other strategic areas.

The collaboration is expected to help create a strong pipeline of bankable PPP projects while strengthening institutional capacity and enhancing the state’s ability to mobilise private investments for infrastructure development.