The Odisha government has signed an agreement with the International Finance Corporation (IFC) to enhance the state’s Public-Private Partnership (PPP) framework and attract private investment in vital infrastructure sectors. This collaboration, part of the state’s ‘Viksit Odisha 2036’ vision, aims to leverage private capital for significant infrastructure projects and develop a strong pipeline of viable PPP ventures. IFC, the private-sector arm of the World Bank Group, will provide expertise to bolster Odisha’s PPP structure and enhance institutional capacity for project execution.
Chief Secretary Anu Garg, during the signing ceremony, stressed the importance of private capital investment in establishing Odisha as an attractive investment hub on both national and global fronts. Strengthening the PPP ecosystem is seen as a means to expedite infrastructure growth, ensuring sustainable economic progress and enhanced public service delivery. Garg also highlighted IFC’s global experience in advising governments on successful PPP project implementation.
Shalabh Tandon, Regional Head of Operations and Acting Regional Director (South Asia) at IFC, noted the significance of engaging with the Odisha Government as a top priority for the organization. He expressed confidence in the partnership’s ability to bolster the state’s infrastructure development agenda by encouraging greater private sector involvement and preparing investment-ready projects. Under the agreement, IFC will identify around 20 PPP projects within a year, with an estimated total investment potential of approximately USD 2 billion across key sectors like renewable energy, power transmission, logistics, urban infrastructure, and electric mobility.
Officials anticipate that this initiative will reinforce Odisha’s PPP ecosystem, enhance project readiness and transaction advisory capabilities, attract long-term private investments, and expedite the establishment of top-tier infrastructure throughout the state.
