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State Bank of India (SBI) has launched a new financing initiative called CHAKRAa Centre of Excellence aimed at boosting funding for eight sunrise sectors with the potential to generate nearly ₹100 trillion in investment over the next five years, according to Business Standard.

The initiative is designed to support emerging and high-growth industries such as renewable energy, advanced cell chemistry and battery storage, electric mobility, green hydrogen, semiconductors, decarbonisation, smart infrastructureand data centre infrastructure. These sectors are considered critical to India’s economic transformationespecially as the country expands its focus on sustainability, manufacturing strength, and technology-led growth.

SBI Chairman Challa Sreenivasulu Setty highlighted the importance of the new centre, noting that these sunrise sectors have the potential to attract significant capital expenditure that could shape the future trajectory of India’s economy. Setty said that the eight sectors identified under CHAKRA could attract investment of about ₹100 lakh crore over the next five yearsunderscoring the scale of opportunity they present.

Setty explained that with the launch of CHAKRA, SBI is strengthening its institutional capability to better understand emerging sectorsdesign specialised financing solutionsand work with a broad ecosystem of partners to enable projects that contribute meaningfully to India’s development journey.

The chairman further noted that these sectors are capital intensive and technologically complexrequiring customised financing structures beyond traditional lending. CHAKRA will bring together domain experts, industry players, financial specialistsand other stakeholdersincluding banks, non-banking financial companies (NBFCs), startups, and think tanks, to create a coordinated environment for project funding.

According to the Business Standard report, CHAKRA will serve not only as a financing body but also as a knowledge-led advisory platformfacilitating engagement between the banking sector and industry participants. The initiative aims to reduce financing barriers, improve credit assessment frameworks, and accelerate funding decisions for projects in critical next-generation industries.

Industry analysts say that the launch of CHAKRA reflects a strategic pivot by SBI to position itself as a key partner in India’s ambitions for clean energy adoption, technological innovation, and manufacturing self-reliance. By directing capital toward these sunrise sectorsthe bank is aligning its own growth trajectory with national objectives such as Net Zero commitments, digital infrastructure expansionand the broader economic vision outlined for Viksit Bharat 2047.