In a major step towards strengthening the Public-Private Partnership (PPP) ecosystem, the Government of Odisha on Friday signed a Programmatic Transaction Advisory Services Agreement (TASA) with the International Finance Corporation (IFC), the private sector arm of the World Bank Group.
The agreement aims to accelerate private investment in key infrastructure sectors and support the state’s long-term development vision under Viksit Odisha 2036.
Agreement to Boost Public-Private Partnerships
The agreement was signed at Lok Seva Bhavan in Bhubaneswar in the presence of Chief Secretary Anu Garg.
The TASA will provide programme-based advisory services to help implement major infrastructure projects and strengthen Odisha’s Public-Private Partnership framework. Officials expect the collaboration to create a more robust investment ecosystem capable of attracting greater private sector participation.
Private Capital Key to Viksit Odisha 2036
Speaking on the occasion, Chief Secretary Anu Garg said mobilising private capital is essential to achieving the goals of Viksit Odisha 2036.
She noted that increased private investment in priority sectors would accelerate infrastructure development while enhancing Odisha’s competitiveness at both national and global levels.
She also highlighted IFC’s role as the World Bank Group’s private financing institution and described it as a valuable knowledge partner in strengthening the state’s PPP ecosystem.
IFC Reaffirms Commitment to Odisha
Shalabh Tandon, Regional Head of Operations and Acting Regional Director for South Asia at IFC, said collaboration with the Government of Odisha remains one of IFC’s key priorities.
He expressed confidence that the partnership would deliver effective outcomes and support the development of investment-ready infrastructure projects across the state.
20 Infrastructure Projects Worth $2 Billion Planned
As part of the one-year engagement, IFC will identify at least 20 Public-Private Partnership projects with a combined estimated investment of USD 2 billion.
The proposed projects will focus on several priority sectors, including:
- Renewable energy
- Power and energy infrastructure
- Logistics
- Transport
- Urban infrastructure
- Electric mobility (e-mobility)
The initiative is expected to build a strong pipeline of commercially viable projects that can attract domestic and international private investors.
Partnership Aims to Accelerate Infrastructure Growth
The Odisha-IFC collaboration is designed to establish a structured framework for developing bankable PPP projects and mobilising private investment in critical infrastructure.
Officials believe the partnership will improve project planning, strengthen institutional capacity and contribute to sustainable economic growth through increased private sector participation.
