Archive · 19 Jul 2026
Odisha signs pact with IFC
The Odisha government has teamed up with the International Finance Corporation (IFC) to make it easier for private companies to invest in big projects like roads, energy, and cities.
They signed an agreement to work together and make Odisha a better place for businesses to invest.
The IFC will help find and prepare at least 20 projects worth about USD 2 billion over the next year.
This partnership aims to make Odisha more competitive and improve its infrastructure, which will benefit everyone in the state.
Odisha government signed a TASA agreement with IFC to strengthen PPP ecosystem and attract private investment.
The agreement aims to mobilize private capital for infrastructure projects and create a robust pipeline of bankable PPP initiatives.
IFC will serve as a knowledge partner to support Odisha in strengthening its PPP framework and improving institutional capacity.
The initiative targets at least 20 PPP projects over one year with an estimated cumulative investment potential of USD 2 billion.
Priority sectors include renewable energy, power transmission, logistics, transport, urban infrastructure, and electric mobility.
- Who
- Odisha government and International Finance Corporation (IFC)
- What
- Signed a Programmatic Transaction Advisory Services Agreement (TASA) to strengthen PPP ecosystem and attract private investment
- When
- Friday (specific date not mentioned)
- Where
- Bhubaneswar, Odisha
- Why
- To mobilize private capital for infrastructure projects and create a robust pipeline of bankable PPP initiatives
- Agreement
- Programmatic Transaction Advisory Services Agreement (TASA)
- Parties Involved
- Odisha government and International Finance Corporation (IFC)
- Objective
- Strengthen PPP ecosystem and attract private investment
- Priority Sectors
- Renewable energy, power transmission, logistics, transport, urban infrastructure, electric mobility
- Investment Potential
- USD 2 billion across 20 projects
- Duration
- 1 year
- Key Officials
- Chief Secretary Anu Garg, Shalabh Tandon (IFC Regional Head)