Bhubaneswar, India, April 10, 2012—
IFC, a member of the World Bank Group, is working with policymakers and private sector players to catalyze India’s infrastructure development through public-private partnership projects, and this week hosted a workshop in the eastern state of Odisha on related challenges and opportunities.
Supported by India’s Department of Economic Affairs, Government of India, IFC held the workshop in partnership with the state government, to discuss how private participation in infrastructure development can help improve the quality of services, create efficiencies and promote economic growth.
“Odisha is keen to support greater private participation through sustainable public-private partnership models as part of our framework for private participation in infrastructure,” said Jugal Kishore Mohapatra, Principal Secretary in Odisha’s Finance Department. “Our economic development polices have sparked interest among foreign and domestic private investors to achieve development objectives.”
The workshop highlighted the role public-private partnerships play in institution-building and knowledge-sharing on designing, structuring and tendering sustainable public-private partnership projects. Officials of ministries and public sector departments of housing and urban development from the states of Bihar, Gujarat, Jharkhand and Odisha attended the workshop, as well as other multilateral partners.
“Long-lasting public-private measures obtain public ownership while generating interest among local private sector players and other development partners with shared goals,” said Laurence Carter, Director for IFC Advisory Services in Public-Private Partnerships, on his visit to Bhubaneswar.
IFC’s strategy in India is to bring economic opportunities to underserved communities where needs are greatest, particularly in the low income states of India. IFC also encourages global and regional integration, including promoting trade and investments within and from South Asia.
About IFC
IFC, a member of the World Bank Group is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, providing advisory services to businesses and governments, and mobilizing capital in the international financial markets. In fiscal 2011, amid economic uncertainty across the globe, we helped our clients create jobs, strengthen environmental performance, and contribute to their local communities - all while driving our investments to an all-time high of nearly $19 billion. For more information, visit
www.ifc.org
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