Bhubaneswar, July 17: The Odisha government on Friday signed a Programmatic Transaction Advisory Services Agreement (TASA) with the International Finance Corporation (IFC) to bolster the state’s Public‑Private Partnership (PPP) ecosystem and attract private investment in critical infrastructure sectors. The agreement was formalised at a ceremony chaired by Chief Secretary Anu Garg.

According to an official statement, the collaboration aims to mobilise private capital for major infrastructure projects and create a pipeline of bankable PPP initiatives aligned with the state’s vision of Viksit Odisha 2036. IFC, the private‑sector arm of the World Bank Group, will act as a knowledge partner, supporting Odisha in strengthening its PPP framework and enhancing institutional capacity for project development and implementation.

Chief Secretary Garg emphasised that mobilising private capital is vital to positioning Odisha as a nationally and globally competitive investment destination. She noted that a robust PPP ecosystem would accelerate infrastructure development, ensure sustainable growth, and improve public service delivery. Garg also highlighted IFC’s global expertise in advising governments on structuring and implementing successful PPP projects.

Shalabh Tandon, Regional Head of Operations and Acting Regional Director (South Asia), IFC, described the engagement with Odisha as a high‑priority initiative. He expressed confidence that the partnership would support the state’s infrastructure agenda by facilitating greater private sector participation and developing investment‑ready projects.

Under the agreement, IFC will identify at least 20 PPP projects within a year, with an estimated cumulative investment potential of around USD 2 billion. Priority sectors include 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.