Odisha Government, IFC Sign Advisory Pact to Boost PPP Projects and Private Investment

The Odisha Government and the International Finance Corporation (IFC), a member of the World Bank Group, on Friday signed a Programmatic Transaction Advisory Services Agreement (TASA) to strengthen public-private partnership (PPP) projects and attract greater private investment into the state.

The agreement was signed at Lok Seva Bhawan in the presence of Odisha Chief Secretary Anu Garg. The partnership aims to provide programmatic advisory services for the implementation of key infrastructure projects and enhance Odisha’s PPP ecosystem.

Focus on ‘Viksit Odisha-2036’

Addressing the event, Chief Secretary Anu Garg said mobilising private capital is essential to achieve the vision of ‘Viksit Odisha-2036’. She said increased private sector participation in priority sectors would accelerate infrastructure development and help Odisha strengthen its position at both the national and global levels.

Garg also highlighted IFC’s role as a knowledge partner in building a stronger PPP framework and supporting the state’s long-term development goals.

IFC Reaffirms Commitment to Odisha

Speaking at the event, Shalabh Tandon, IFC’s Regional Industry Head and Acting Regional Director for South Asia, said working with the Odisha Government remains one of IFC’s key priorities.

He expressed confidence that the collaboration would enable IFC to deliver greater expertise and more effective advisory support for infrastructure development and investment promotion in the state.

$2 Billion Worth of Projects to Be Identified

Under the agreement, IFC will help establish a stronger institutional framework for PPP projects while encouraging private investment in Odisha’s major infrastructure sectors.

Over the next one year, IFC is expected to identify around 20 priority projects with an estimated investment potential of US$2 billion.

The identified projects will focus on key sectors, including:

• Renewable energy
• Power and energy infrastructure
• Logistics and transportation
• Urban infrastructure
• E-mobility
• Other priority infrastructure sectors

Strengthening Odisha’s Investment Ecosystem

Officials said the partnership is expected to improve project planning, transaction advisory, and implementation support for large infrastructure projects. The initiative is also aimed at creating a more investor-friendly environment, enabling Odisha to attract higher levels of private investment and accelerate sustainable economic growth.