§ Launches ‘CHAKRA’ – The Centre of Excellence for Sunrise Sectors (The
Bankable Edge for Viksit Bharat), powering financing for India’s future-ready
sectors
§ Sunrise sectors are expected to attract capital expenditure of INR 100
Lakh Crore by 2030
Mumbai : State Bank of India (SBI),
the nation’s largest public sector bank, announced the launch of ‘CHAKRA’ – Centre of Excellence (CoE) for
financing sunrise sectors that are critical to India’s economic
transformation. Reinforcing the bank’s strategic commitment to Viksit Bharat 2047, the centre will
serve as a knowledge-led platform to enable financing for next-generation,
technology-driven and sustainability-focused sunrise sectors.
SBI’s focus lies in enabling these capital-intensive sectors by
directing capital flows responsibly, strengthening risk assessment capabilities
and developing innovative financing structures aligned with evolving business
models and policy priorities.
The Centre was inaugurated by Shri M. Nagaraju, Secretary, Department
of Financial Services, in the presence of SBI Chairman, Shri Challa
Sreenivasulu Setty. The Bank’s Managing Directors, and representatives from
other Public Sector Banks and global banks, leading conglomerates, financial
institutions, industry bodies and other key ecosystem participants were also
present at the launch event.
On
the launch, Shri M Nagaraju, Secretary,
Department of Financial Services, Govt. of India said, “The CHAKRA Centre of Excellence is a commendable initiative
by State Bank of India. The vision of the Centre to become a coordinated
ecosystem platform covering knowledge-sharing, project appraisal, capacity
building, and evidence-based policy engagement will meaningfully accelerate
India’s progress towards Viksit Bharat 2047.”
The Centre proposes to focus on eight
sunrise sectors viz. Renewable Energy, Advanced Cell Chemistry &
Battery Storage, Electric Mobility, Green Hydrogen, Semiconductors,
Decarbonisation, Smart Infrastructure, and Data Centre Infrastructure, that are
emerging as key drivers of India’s economic future. By 2030, these eight
sunrise sectors are expected to entail capital investment of over INR100 lakh
crore. The Centre will work towards enabling this massive investment.
Speaking on the occasion, Shri Challa Sreenivasulu Setty, Chairman,
State Bank of India, said, “India’s growth over the coming decades will
be anchored in innovation, sustainability and advanced manufacturing. With
CHAKRA, SBI is strengthening its institutional capability to understand
emerging sectors, design specialised financing solutions and partner with the
ecosystem to enable projects that meaningfully contribute to the nation’s
development journey. The Centre of Excellence reinforces SBI’s leadership in
new-age technologies and climate finance, enhancing India’s integration into the
global value chain, and accelerating progress toward Viksit Bharat 2047.”
CHAKRA will drive tangible outcomes through white papers, sector
reports, knowledge series, industry roundtables and policy dialogues,
supporting informed decision-making for clients, investors, and policymakers.
The Centre will facilitate structured engagement with development finance
institutions, multilateral agencies, banks, NBFCs, industry bodies, corporates,
start-ups, academia and policy think-tanks. Through CHAKRA, State Bank of India
aims to build strong capabilities, support innovation‑focused enterprises, and
improve the flow of capital to sectors driving India’s sustainable and
technology-led future. This initiative builds on the bank’s earlier Centre of
Excellence for MSMEs at the State Bank Academy.