“ We have been investing 13 % of our revenue into R & D . We are looking at areas such as food , household care , and biofuels as attractive opportunities "
“ We have been investing 13 % of our revenue into R & D . We are looking at areas such as food , household care , and biofuels as attractive opportunities "
operations and three key circular projects successfully implemented by 2030 . We are quite ahead in achieving these targets as our employees are highly committed and keen to make it happen .
How are you incorporating digitization and automation to create sustainable operations ?
We have embarked on the whole element of automation and digitization as we are a science led company and a part of it comes naturally to us . There is a lot we use internally , be it customer handling , supply chain and all of things . As we move forward , we are looking at using digitalization externally as we are a B2B company . One experiment we keep doing is whether we can integrate the customers ’ SAP system into ours . In the cleaning industry , the detergent formulations have some 5-6 ingredients which undergo a lot of changes under the volatility of prices etc . The manufacturers constantly try to adjust and tweak the ingredients so as the final product remains intact . For that digital analysis could come handy for predictions on the final product after the changes in the raw materials .
How does Novozymes collaborate with local governments , industries , and other stakeholders to promote the adoption of biotechnology solutions in your region ?
We have been contributing our inputs to the draft policy documents of the government in this space from time to time . Biomanufacturing and decarbonization are the two areas where we have been quite active in terms of collaborations . We have been providing our suggestions through various associations to the government . The aspirations are very high and the government is working to fulfil them . There is new energy for the ecosystem to thrive . As India moves forward , there has to be convergence of ideas and right dialogue and I believe that as a democracy we are taking the best of the advanced countries . In a few areas , we are also world leaders and are sharing knowledge to the world . There will always be challenges but a consultative ecosystem will always be helpful in addressing them . As a company , we see the potential of emerging markets and India remains at the centre of it .
How does Novozymes support innovation and R & D efforts ?
As a company we are highly science oriented and thus we have been
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