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Oct 19, 2011

Growth in India for Industrial Enzymes

On 19 October 2011, BioValley News reported on Novozymes' growing presence selling industrial enzymes in India.  Growth was most prevalent in the household care, the food and beverages industry, and biofuels.

Novozymes India was established in 1983 with two employees.  Today is has three sites covering manufacturing, business functions, a shared service center, and research & development.  It is the largest supplier of industrial enzymes and microorganisms in India with a special focus on detergent, food, feed, textile, leather, oils & fats, beverage alcohol, and biofuels.

The company is focused on research and development that promotes sustainable solutions.   According to GS Krishnan, Regional President for Novozymes in India, “the potential for industrial biotechnology is strong due to the increasing concern around the environment and climate change issues and the recognition of the need for more sustainable solutions.”  Novozymes' enzymes and microorganisms "save energy and raw materials and reduce waste, which results in higher productivity, lower costs, and a better environment."
India Brand Equity Foundation (IBEF) reports that biotechnology is "one of the fastest growing knowledge-based sectors in India [and] is expected to touch the US$10 billion mark by 2015. 

Novozymes and the Danish Embassy in India commissioned Bloomberg New Energy Finance to compile the report "Next-generation Ethanol: What’s in it for India” in May 2011 with assistance from the Indian Ministry of New and Renewable Energy.  According to this report, "transforming agricultural residues into biofuel could create up to one million jobs in India over the next decade, while radically improving its energy efficiency by supplementing its transport gasoline demand through greener fuels by 2020."  Novozymes has already started work in field, partnering with the Indian company Praj Industries.

For more see: "Novozymes ramping up its presence in India," BioValley News, 19 October 2011.

About Margaret

CEO and Curator (The Food Museum) | Managing Director and Chief Editor (GR2 Global LLC) | Educator (UCLA PhD) | Researching and writing on global food issues, nutrition and health, sustainability, history (preservation), conservation (natural resources), and design.
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