About ‘CHAKRA’ – Centre of Excellence (CoE):
- It was launched by the State Bank of India (SBI) aimed at financing sunrise sectors critical to India’s economic transformation.
- The Centre will function as a knowledge-driven platform to facilitate funding for next-generation, technology-led and sustainability-focused industries.
- CHAKRA will focus on eight sunrise sectors:
- Renewables
- Data Centres
- E-Mobility & Charging Infra
- Advanced Cell Chemistry / Battery
- Semiconductors
- Green Hydrogen and Ammonia
- Decarbonization
- Smart Infrastructure.
- The CoE will work towards enabling this investment, enhancing India’s integration into the global value chain, and accelerating progress toward the country’s sustainability and Net Zero goals.
- Additionally, the CoE will drive technology & AI innovation and play an advisory role, supporting not only the SBI’s Project Finance & Structuring team but also the broader financial ecosystem in India.
- It will engage actively with external stakeholders - with policymakers and regulatory bodies, to shape a robust manufacturing ecosystem that supports investment, innovation, and sustainability.
- The Centre will facilitate structured engagement with development finance institutions, multilateral agencies, banks, NBFCs, industry bodies, corporates, start-ups, academia, and policy think tanks.
