CHAKRA – Centre of Excellence
Why in news?
The State Bank of India (SBI) has launched ‘CHAKRA’ – Centre of Excellence (CoE) to finance India’s sunrise sectors such as renewable energy, electric mobility, semiconductors, and green hydrogen. It is designed as a knowledge-driven platform to accelerate India’s economic transformation and support the vision of Viksit Bharat 2047.
About CHAKRA – Centre of Excellence
- Launched by: State Bank of India (SBI) in January 2026.
- Purpose: To enable financing for next-generation, technology-led, and sustainability-focused industries.
- Vision: To act as a coordinated ecosystem for knowledge-sharing, project appraisal, capacity building, and evidence-based policy engagement.
Key Focus Areas (Eight Sunrise Sectors)
CHAKRA will concentrate on sectors critical to India’s economic future:
| Sector |
Importance |
| Renewable Energy |
Supports India’s clean energy transition. |
| Advanced Cell Chemistry & Battery Storage |
Essential for electric vehicles and energy storage. |
| Electric Mobility |
Reduces dependence on fossil fuels, promotes sustainable transport. |
| Green Hydrogen & Ammonia |
Emerging fuel for decarbonization. |
| Semiconductors |
Strengthens India’s electronics manufacturing ecosystem. |
| Decarbonisation |
Helps industries reduce carbon footprint. |
| Smart Infrastructure |
Builds resilient, tech-enabled urban systems. |
| Data Centre Infrastructure |
Supports digital economy and cloud services. |
Economic Impact
- By 2030, these eight sectors are expected to unlock over ₹100 lakh crore in cumulative capital expenditure.
- SBI aims to strengthen risk assessment capabilities and develop innovative financing structures aligned with evolving business models and policy priorities.
Policy & National Vision
- The initiative aligns with India’s goal of becoming a developed nation by 2047 (Viksit Bharat 2047).
- It will serve as a lighthouse of innovation, bridging finance, policy, and industry to accelerate India’s transformation.
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