‘CHAKRA’ – Centre of Excellence (CoE)

‘CHAKRA’ – Centre of Excellence (CoE) Latest News

State Bank of India (SBI) recently announced the launch of ‘CHAKRA’ – Centre of Excellence (CoE) for financing sunrise sectors that are critical to India’s economic development.

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.
• By 2030, these eight sunrise sectors are expected to unlock cumulative capital expenditure of over INR 100 lakh crore. 
• 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.

Source: TH

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