What have been the high points of your business in India during FY 202223? What more is in store for the food and agriculture sector?
We have completed 40 years in India, so right now we are celebrating this milestone. We started as Novo Nordisk Enzymes, now we are Novozymes. The market has accepted our technologies well and for us, India is a strategic asset. India is a very big player in the whole emerging market as such, we have been growing double digits for the last 15-18 years in India. Sustainability has been a guiding force for our company, and it is expressed in multiple ways. When we try to look into the future and what is ahead of us, we feel that there is a lot to do in food processing, reduction of food waste etc as society and countries become richer, there will be an increased demand for better nutrition, more protein on the table. We are seeing a big food transformation happening in the country as the country expands its GDP. When we began our operations in 1983, the country’s per capita income was $270 and now we are at $2500. That has driven a lot of change in the food habits and as we now have an ambitious target of a $5 trillion economy, a lot of new things will have to come.
Today, globally, most of the protein consumption sources are animal-based and as the population and affordability increase, we also need to have sustainable practices. Towards this, we are talking about alternate proteins, and plant-based meats, among others. As a result, we are investing in co-creating centres for plantbased meat across the world. We are starting with Denmark, the US and China. We have also made an investment of 2 billion DKK in the US in a facility to produce alternate proteins.
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Denne historien er fra October 2023-utgaven av AgroSpectrum.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Small farmers are the greatest asset to India's food security: PM Modi
Prime Minister Narendra Modi centre) along with other dignitaries at the inauguration of the 32nd International Conference of Agricultural Economists ICAE) at National Agricultural Science Centre NASC) Complex, in New Delhi on August 3, 2024.
Agri Budgeting Blues
Budgeting blues is a wonderful term to identify what you have and what is necessary to investigate the need. When one deciphers the current Budget specifically for the farm sector blues, there is little Khushi (Happiness) and more Gum (sadness).
Unlocking the Potential of Municipal Solid Waste
The more conventional methods of managing waste, such burning and landfilling, become unsustainable. Landfills, although still in widespread usage, are land-use intensive and provide long-term environmental hazards, such as methane emissions and groundwater contamination. Even while incineration is a good way to reduce trash volume, it is energy-intensive and emits dangerous emissions. Cities are looking for new and creative approaches to manage garbage sustainably as conventional approaches become less practical.
Why Energy Transition Financing is Crucial for India
The whole world is badly hit by the cost of energy, including fuel, due to the ongoing geo-political issues. India’s net oil and gas import bill reportedly stood at 122 billion for 2023-24. The Indian economy is the fastest growing economy and estimated to grow between 6.8 and 7.2 per cent in the coming years. No doubt the need for energy is ever increasing. India’s per capita electricity consumption is at 1200 units as compared to the USA which is 12000 units. Energy is a growth engine for any economy. In such a situation, focusing on Energy Transition is quite crucial, with significantly long term financing for 15-20 years in place.
Navigating Upstream Challenges in Bioenergy Sector
Bharat is at the cusp of a Green Energy Revolution’; and Bioenergy, including Biofuels, is a vital Energy Engine’ to contribute towards the Net Zero 2070 commitment made by India during COP26. Surely, we will get there with collective efforts and partnerships, as we move into COP29 at Azerbaijan this year and beyond and one is sanguine that Bharat will not only lead the 2nd Industrial Revolution but also initiate and lead the Green Energy Revolution’.
Why Ensuring Adequate Biomass Supply is Fraught with Challenges
In recent years, biomass has emerged as a promising source of bioenergy, offering carbon neutral and sustainable energy. Sourcing and procurement of feedstock in India, however, presents unique challenges due to varying agricultural land, infrastructure constraints and economic conditions. Let's take a closer look.
Leveraging Bioenergy to Revitalise Indian Economy
From the early use of fire and animal power that improved lives, to the present world with use of electricity and cleaner sustainable fuels for a multitude of purposes - energy has been the enabler of development.
Can Bioenergy Adoption End Stubble Burning Practise?
Rice is one of the primary agricultural produces in India and a major source of sustenance.
Compressed BioGas: The New Hope for Energy Independence
The global bioenergy landscape is evolving rapidly, with countries around the world recognising its potential to address climate change, enhance energy security, and promote sustainable development. India, with its abundant biomass resources and growing energy demand, is uniquely positioned to lead in the bioenergy sector, particularly in the production and utilisation of Compressed Biogas CBG). Let's delve deep as to how CBG can be a new hope for energy independence for India.
Public-Private Partnership in Bioenergy Sector
Public-Private Partnerships (PPPS) represent a collaborative approach between government entities and private sector companies to achieve goals that neither party could easily achieve alone.
