SBI Launches 'CHAKRA' CoE to Fuel India's Sunrise Sectors for Viksit Bharat 2047

• State Bank of India (SBI) launched 'CHAKRA', a Centre of Excellence (CoE) to finance next-generation growth sectors, crucial for India's economic transformation and achieving 'Viksit Bharat' by 2047.
• Sunrise sectors are projected to attract approximately Rs 100 lakh crore in capital expenditure by 2030, with CHAKRA focusing on technology-driven and sustainability-focused industries.
• The CoE will strengthen risk assessment and design innovative financing for eight key sectors: Renewable Energy, Advanced Cell Chemistry and Battery Storage, Electric Mobility, Green Hydrogen, Semiconductors, Decarbonisation, Smart Infrastructure, and Data Centre Infrastructure.
• M. Nagaraju, Secretary, Department of Financial Services, praised CHAKRA as a "coordinated ecosystem platform" vital for accelerating India's progress.
• SBI aims to drive outcomes through white papers, sector reports, industry roundtables, and structured engagements with development finance institutions and start-ups to channel capital into sustainable future projects.

Why It Matters: SBI's 'CHAKRA' CoE will strategically finance India's sunrise sectors, accelerating its journey towards 'Viksit Bharat' by 2047.