Challa Sreenivasulu Setty, Chairman, SBI
State Bank of India (SBI) on Saturday launched ‘CHAKRA’ — The Centre of Excellence for Sunrise Sectors — to build institutional capability to finance industries that are still taking shape.
India’s largest Bank has placed capital requirements for the eight identified sunrise sectors — renewable energy, advanced cell chemistry & battery storage, electric mobility, green hdrogen, semi-conductors, decarbonisation, smart infrastructure and Data Centre — at about ₹100 lakh crore over the next five years.
Challa Sreenivasulu Setty, Chairman, SBI, observed that ‘CHAKRA’ is conceptualised as a lighthouse institution, which goes far beyond State Bank.
He emphasised that the new Centre will strengthen not just SBI’s internal decision-making, but the collective capacity of India’s financial ecosystem to fund emerging sectors responsibly and at scale.
Setty said: “The objective is clear — To translate technological complexity into bankable structures, to bring data, research and global best practices into financing decisions, to accelerate capital flow into sectors that will define India’s economic future.”
Of the ₹100 lakh crore capital required by the sunrise sectors, about ₹20-22 lakh crore will come from banks and non-banking finance companies. Setty observed that private equity capital, large Indian corporates, which have sufficient cash balances, multilateral institutions, and Banks from Japan, Europe and America will also participate in funding these sectors.
The Centre will facilitate structured engagement with development finance institutions, multilateral agencies, banks, NBFCs, industry bodies, corporates, start-ups, academia and policy think-tanks.
Published on January 31, 2026
