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ENZYMES
(Project Cost Rs.10 Cores)
Consultancy fee – Rs.50 Lakhs
Indian biotech industry can develop enzymes (natural, protein
molecular machines, which can catalyse chemical reactions) that
require higher ambient temperature than those available in the West.
They can take advantage of the low cost and export them to generate
additional revenues. Biotech companies should develop industrial
enzymes and market them in the West for it is home to more than
80% of global biotech products, said Utkarsh Palnitkar, director, Ernst
and Young India. The entry barriers are the least in the case of
industrial enzymes, since there are no social or regulatory risks, he
added. The Indian industrial enzymes market is valued at Rs 127 crore
and is growing 15-20% annually. Whereas the US agricultural and
industrial enzymes market is estimated at $2.6bn. Currently, Indian
companies are exporting enzymes in limited quantities to the US and
Europe. They are mainly exporting to China, Southeast Asia, Middle
East, Bangladesh, and Sri Lanka. Focusing on markets of US and
Europe could be lucrative. With a low cost production process, Indian
companies have capabilities to produce enzymes in various forms.
Enzymes cater to international markets in baking, fruit juice, wine,
grain processing, textile, pulp and paper and many other industrial
applications. With strengths in solid state fermentation, submerged
fermentation technology, we can produce an impressive range of
enzymes, from fungi and bacteria.
Development and application of modern enzymes are in a stage of
infancy in the country. Enzymes has various applications. The Indian
market during 1997-98 for enzymes is estimated at Rs.800 million.
The major markets are today in textile, detergent,
leather,
pharmaceuticals and dairy industry.
Enzyme usage in textile sector can be classified into mainly five areas
viz., desizing, bio-polishing, bio-washing, bleach clean and fibre
modification. As for denim jeans processing, enzymes are key
mater