Opinions expressed by Entrepreneur contributors are their very own.
You are reading Entrepreneur India, a world franchise of Entrepreneur Media.
Sustainability is the much needed phenomenon in the present times where the last word goal for the people to co-exist on the earth for a very long time. Exploiting this need of the hour, in 2015, Absolute was born with the concept of a shared future where each people and the planet win together. The corporate’s mission is inspired by the decision of Dr. APJ Abdul Kalam’s (eleventh President of India & world-renowned scientist) for the following big revolution in solving a number of the grandest challenges humanity faces especially in agriculture. He also expressed this in two of his books, ‘Goal three billion’ and ‘Beyond 2020’.
“Our vision is to construct a thriving future for people and the planet by harnessing the ability of nature, science and exponential innovation. Today, Absolute is fast evolving right into a generation-defining bioscience company leveraging billions of years of nature’s evolutionary intelligence to unravel humanity’s biggest challenges – starting with protected and sustainable solutions for agriculture and lengthening to biomaterials and biocare,” said Agam Khare, founder and CEO, Absolute.
All these segments are powered by cutting-edge research in biology at Xenesis Institute, the R&D arm of Absolute. Xenesis is constructing remarkable platforms and solutions using biological data captured in its Nature Intelligence Platform – an all-encompassing approach to find powerful biomolecules, enzymes and microorganisms in nature.
“Our R&D spans over 5 million square feet for product development and testing, with state-of-the-art research laboratories headquartered in Recent Delhi and Pune. Our bioabled farm inputs are further tested at the corporate’s diversified trial stations, which span six different agroclimatic zones across the Indian subcontinent,” said the founder.
Elaboratively, the founder’s statement added that the Xenesis Institute is powered with over 150 world-leading scientists with expertise ranging
across plant biology, molecular biology, transcriptomics, metagenomics, metabolomics, proteomics, strain engineering, biomaterial development and bioprocess engineering. Our researchers have previously worked at leading agricultural firms including Syngenta, Bayer, FMC and Corteva. Many join Xenesis after exceptional careers within the USA, South Korea, Israel and Africa. Additionally it is claimed that Xenesis has over 15 patents within the pipeline.
It is claimed that the bioscience sector is one of the vital demand-driven sectors. Being one in every of the important thing players within the ecosystem, Absolute CEO stated that the Indian biotechnology industry is forecasted to succeed in $150 billion by 2025 and $300 billion by 2030. In India, the sector is essentially a ‘me too’ market where there may be fierce competition and multiple players making products which are already well established. There are far fewer players within the speciality biotech sector by which Absolute, powered by R&D at Xenesis, operates. The speciality sector is gaining rapid momentum because it is a triple-digit billion-dollar market that gives ample opportunities for several players to co-exist.
“Only from the speciality sector in biotechnology will real innovation and transformation come about, giving products developed in India global significance and putting Indian science and technology on the world map,” said Agam Khare.
Moreover, he also explained in regards to the impact of the federal government’s role within the biotech sector and likewise the technological adoption within the agritech sector. In response to him, the federal government has vocalized its commitment to ‘green growth’, which is a giant step towards constructing an environmentally-sustainable nation. The Budget FY 2023-24 sent a powerful message that sustainability must be central to economic and social growth. As per the newest Economic Survey, the agriculture sector has performed well but needs a “re-orientation” to beat challenges like adversarial impacts of climate change, rising input cost, etc. Biotechnology will play a pivotal role in shaping India’s response to this call.
“It’s going to take scientific collaboration, innovation and leadership to make sustainability accessible to the masses in India. Since its foundation, Absolute has been driven by the extraordinary commitment of our researchers to discovering and developing products that may perform even in adversarial conditions. Through our products, we try to make sustainability a straightforward and rewarding selection, with an array of advantages for people and the planet,” he further noted.
While analyzing the present trends, Agam Khare has something to pass on to the beginners within the ecosystem. He revealed that those aspiring to enterprise into the biotech sector should embrace persistence and perseverance. Research and innovation on this field has a protracted gestation period. It will be important to construct deep subject material expertise to achieve success and differentiated within the fast-expanding market of biotechnology products. Parallely, it’s imperative for founders to have a transparent view on regulatory guidelines and what meaning for his or her business in the long run.
He added, “My firm belief is that true breakthroughs on this industry can only come from an unparalleled understanding of why nature behaves the way in which it does, by understanding their decisions and preferences after which marrying that science with the newest in technology to construct sustainable services and products that impact at scale.”
Every business flourishes only with a keen commentary and sharp focus to the long run. Here, Absolute goals to rework the long run for people and the planet by reimagining what’s possible by simply harnessing the ability of nature.
The founder revealed the long run growth plans that, “Our current focus is on launching Inera- our brand of pathbreaking bioabled farm input products starting with India. This can allow smallholder and marginal farmers to substantially improve their quality and productivity while minimizing their expenditure on inputs, improving climate adaptability and reducing their carbon footprint, leading to increased profitability.”
He also spoke in regards to the company’s plan to expand Upaj offerings – the digitized farm value-chain business and scale their global commodity presence into latest markets, adding that they intend to make significant investments in R&D and manufacturing units in India and several other strategic locations globally.
“Currently, Absolute has 8 cutting-edge research stations in India and a couple of manufacturing facilities. Plenty of global corporations have reached out to jointly develop products and conduct joint trials and jointly commercialize. We now have all the time believed in a shared future benefiting humanity. We’ll soon release more information on our long run partnerships,” said Agam Khare.