THEBUSINESSBYTES
BUREAU
BHUBANESWAR,
JULY 17, 2026
In a significant push
to accelerate infrastructure development and unlock private capital, 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, to strengthen the state's
Public-Private Partnership (PPP) ecosystem and develop projects worth an
estimated USD 2 billion.
The agreement, signed
at Lok Seva Bhavan in the presence of Chief Secretary Anu Garg, marks a
strategic milestone in Odisha's efforts to enhance private sector participation
in infrastructure development and advance its long-term growth agenda under
Viksit Odisha 2036.
Under the one-year
engagement, IFC will provide programme-based transaction advisory services to
help implement major infrastructure projects while strengthening Odisha's
institutional PPP framework. The collaboration is expected to create a more
investment-friendly ecosystem by improving project planning, enhancing
institutional capacity and developing a pipeline of bankable, commercially
viable projects capable of attracting both domestic and global investors.
Addressing the
occasion, Chief Secretary Anu Garg underscored the importance of private
capital in achieving the state's ambitious development goals. She said
mobilising private investment is critical to realising the vision of Viksit
Odisha 2036, adding that greater participation from the private sector in
priority infrastructure sectors would accelerate development while boosting
Odisha's competitiveness at the national and global levels.
She also highlighted
IFC's position as the World Bank Group's private financing institution and
described it as a valuable knowledge partner in strengthening Odisha's PPP
ecosystem.
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.
As part of the agreement, IFC will identify at least 20 Public-Private Partnership projects with a combined estimated investment of USD 2 billion. The projects will span strategic sectors including renewable energy, power and energy infrastructure, logistics, transport, urban infrastructure and electric mobility, reflecting Odisha's focus on building future-ready infrastructure.
Officials said the Odisha-IFC partnership is designed to establish a structured framework for developing bankable PPP projects, improve institutional capabilities and mobilise large-scale private investment in critical infrastructure. By creating a strong pipeline of commercially viable projects, the initiative is expected to drive sustainable economic growth, strengthen investor confidence and position Odisha as a leading destination for infrastructure investment in India.
