Bhubaneswar, July 17 (IANS) 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 attract private investment in key infrastructure sectors.
The agreement was signed during a ceremony held here under the chairmanship of Chief Secretary of Odisha, Anu Garg.
According to an official statement, the collaboration aims to mobilise private capital for major infrastructure projects and to create a robust pipeline of bankable PPP initiatives in line with the state’s vision of ‘Viksit Odisha 2036’.
IFC, the private-sector arm of the World Bank Group, will serve as the knowledge partner to support the state in strengthening its PPP framework and improving institutional capacity for project development and implementation.
Addressing the signing ceremony, Chief Secretary Anu Garg emphasised that mobilising private capital investment is critical to positioning Odisha as a nationally and globally competitive investment destination.
She said strengthening the PPP ecosystem would help accelerate infrastructure development while ensuring sustainable economic growth and improved public service delivery.
Garg also highlighted IFC’s expertise in advising governments worldwide on structuring and implementing successful PPP projects.
Speaking on the occasion, Shalabh Tandon, Regional Head of Operations and Acting Regional Director (South Asia), IFC, said engagement with the Odisha Government is a high‑priority initiative for the organisation.
He expressed confidence that the partnership would effectively support the state’s infrastructure development agenda by facilitating greater private sector participation and developing investment‑ready projects.
As per the agreement, the IFC will identify at least 20 PPP projects over a period of one year with an estimated cumulative investment potential of around USD 2 billion across priority sectors, including renewable energy, power transmission, logistics and transport, urban infrastructure, and electric mobility.
Officials said the initiative is expected to strengthen Odisha’s PPP ecosystem, improve project preparation and transaction advisory capabilities, attract long‑term private investment, and accelerate the development of world‑class infrastructure across the state.
–IANS
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