Did SBI Just Launch 'CHAKRA' Centre to Finance India's Sunrise Sectors?
Synopsis
The State Bank of India has launched 'CHAKRA,' a Centre of Excellence focused on financing sunrise sectors crucial for India's economic growth. This initiative is expected to drive innovation and sustainability while positioning India as a leader in modern technology.
Key Takeaways
CHAKRA is an initiative by SBI to finance sunrise sectors.
Focus on sustainability and technology-driven industries.
Expected capital investment of over Rs 100 lakh crore by 2030 .
Strengthening SBI's position in climate finance and new-age technologies.
Collaboration with various stakeholders including development finance institutions .
Mumbai, Jan 31 (NationPress) The State Bank of India, the largest lender in the country, unveiled its new initiative called CHAKRA on Saturday. This Centre of Excellence aims to facilitate financing for sunrise sectors that are vital for India's economic growth.
This centre is designed as a knowledge-driven platform to support investments in next-generation, technology-oriented, and sustainability-focused sectors.
CHAKRA will concentrate on eight key sunrise sectors, which include renewable energy, advanced cell chemistry, battery storage, electric mobility, green hydrogen, semiconductors, decarbonisation, smart infrastructure, and data centre infrastructure, as per the official statement.
By the year 2030, these sectors are projected to require a capital investment exceeding Rs 100 lakh crore.
The bank is committed to fostering these capital-intensive areas by directing funds responsibly, enhancing risk evaluations, and crafting innovative financing models.
“India’s future growth will hinge on innovation, sustainability, and advanced manufacturing. With CHAKRA, SBI is bolstering its ability to comprehend emerging sectors, create tailored financing solutions, and collaborate with the ecosystem,” stated Challa Sreenivasulu Setty, Chairman of SBI.
The Centre of Excellence emphasizes SBI’s leadership in modern technologies and climate finance, thereby promoting India’s integration into the global value chain, Setty added.
“The Centre envisions becoming a coordinated ecosystem platform for knowledge sharing, project evaluation, capacity enhancement, and data-backed policy interactions to significantly expedite India’s journey towards Viksit Bharat 2047,” remarked M Nagaraju, Secretary of the Department of Financial Services (DFS).
The State Bank of India revealed that CHAKRA will generate white papers, sector analyses, a knowledge series, industry roundtables, and policy discussions, aiding informed choices for clients, investors, and policymakers.
The Centre will encourage structured collaboration with development finance institutions, multilateral agencies, banks, NBFCs, industry associations, corporates, start-ups, academia, and policy think tanks.
With CHAKRA, the State Bank of India aims to cultivate robust capabilities, support innovation-driven businesses, and enhance the capital flow to sectors that are pivotal for India's sustainable and technology-centric future.
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Point of View
The establishment of CHAKRA by SBI marks a pivotal moment in India's financial landscape. It reflects a proactive approach to fostering innovation and sustainability, aligning with the nation's broader economic goals. SBI's commitment to these sunrise sectors demonstrates its leadership in financial services and its role in driving India's growth trajectory forward.
NationPress
10 May 2026
Frequently Asked Questions
What is the purpose of SBI's CHAKRA Centre?
The CHAKRA Centre aims to finance sunrise sectors critical to India's economic transformation, focusing on sustainability and technology-driven industries.
Which sectors will CHAKRA focus on?
CHAKRA will concentrate on eight sectors: renewable energy, advanced cell chemistry, battery storage, electric mobility, green hydrogen, semiconductors, decarbonisation, smart infrastructure, and data centre infrastructure.
