The State Bank of India (SBI) has launched ‘CHAKRA’, a Centre of Excellence (CoE) aimed at financing sunrise sectors that are critical to India’s long-term economic transformation.
The Centre was inaugurated by M. Nagaraju, Secretary, Department of Financial Services, and will function as a knowledge-driven platform to facilitate funding for next-generation, technology-led and sustainability-focused industries.
Focus Areas
CHAKRA will concentrate on eight key sunrise sectors:
- Renewable energy
- Advanced cell chemistry and battery storage
- Electric mobility
- Green hydrogen
- Semiconductors
- Decarbonisation
- Smart infrastructure
- Data centre infrastructure
These sectors are emerging as key drivers of India’s economic future, aligned with climate goals, digital expansion and manufacturing competitiveness.
Investment Potential
The identified sunrise sectors are expected to attract capital investments exceeding ₹100 lakh crore by 2030. Through CHAKRA, SBI aims to facilitate and enable financing at this scale, supporting innovation, sustainability and industrial growth.
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