BHUBANESWAR: The Odisha government on Friday signed a Programmatic Transaction Advisory Services Agreement (TASA) with the International Finance Corporation (IFC) to strengthen the state’s Public-Private Partnership (PPP) ecosystem and accelerate private investment in key infrastructure sectors.
The agreement was signed in the presence of Chief Secretary Anu Garg, who chaired the signing ceremony. She said mobilising private capital investment is essential to enhancing Odisha’s national and global standing in line with the vision of Viksit Odisha 2036.
Highlighting IFC’s role in the partnership, Garg said the World Bank Group’s private sector financing arm would serve as the state’s knowledge partner in strengthening its PPP ecosystem and supporting the development of investment-ready projects.
Shalabh Tandon, Regional Head of Operations and Acting Regional Director (South Asia) at IFC, said the engagement with the Odisha government is a high-priority initiative for the organisation. He expressed confidence that the collaboration would help advance the state’s infrastructure development agenda through stronger public-private partnerships.
The collaboration aims to mobilise private investment in major infrastructure projects by building a pipeline of viable PPP projects across the state.
Under the one-year agreement, IFC will identify at least 20 projects with a cumulative investment potential of USD 2 billion across priority sectors, including renewable energy, power transmission, logistics and transport, urban infrastructure and e-mobility.
