Odisha Partners with IFC for ₹20,000 Crore Infrastructure PPP Projects

18 Jul 2026, 07:08 by Vinay Kakkad · KalingaTV

Odisha has partnered with the International Finance Corporation (IFC), the World Bank Group’s private-sector investment arm, to develop a ₹20,000 crore public-private partnership (PPP) project pipeline, aiming to attract private investment into key infrastructure sectors over the next year.

The state government and IFC signed a Transaction Advisory Services Agreement (TASA) in Bhubaneswar under which IFC will help identify, prepare and structure around 20 bankable PPP projects with an estimated investment potential of $2 billion (around ₹20,000 crore). Officials said Odisha is the first Indian state to sign such an agreement with IFC.

The proposed projects will span renewable energy, power transmission, logistics and transport, urban infrastructure, and electric mobility. IFC will provide transaction advisory support, including project evaluation, structuring and preparation, to ensure the projects are commercially viable and attractive to private investors.

Chief Secretary Anu Garg said the partnership would strengthen Odisha’s PPP ecosystem and support the state’s Viksit Odisha 2036 vision by mobilising private capital for infrastructure development.

Shalabh Tandon, IFC’s Regional Head of Operations and Acting Regional Director for South Asia, said the corporation looked forward to working with Odisha to build a strong pipeline of investment-ready infrastructure projects that could accelerate the state’s development agenda.

The agreement comes as Odisha steps up efforts to expand infrastructure financing through institutional partnerships. Earlier this week, the state signed an MoU with HUDCO for term loans of up to ₹1 lakh crore over five years to fund housing and urban infrastructure projects. The government has also been promoting PPP-based investments across sectors including healthcare, water supply and urban development.