Industry News

Mr Subramani Ramachandrappa - CMD, Richcore Lifesciences

The author is a first generation entrepreneur, an engineer and MBA from ISB, Hyderabad. Prior to founding Richcore Lifesciences, he was working with biotech major, Biocon.

Among the several challenges

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that we face today, the biggest is population. Human population increased 10 folds over the last 250 years. This exponential growth in population put unsustainable pressure on the delicate ecological balance. We are consuming faster and more than our predecessors and the need to feed has given rise to unabated need for water, food and energy. The industrial revolution created jobs and wealth, but also caused irreversible damage to the environment.

The world has recently woken up to this reality and is moving towards providing cleaner and greener solutions. However, many of these solutions are being pushed onto the industry that is already grappling with the economic slowdown and struggling for growth. Regulation and subsidies to incentivize adoption of clean technology are not sustainable and will not provide the required global momentum to restore our environment.

We, at Richcore, believe that the need of the hour are green solutions that save costs. We have developed biotech solutions for conventional industries that are greener. Adoption of our technology does not require any capital expenditure (CAPEX) and provides real value to the industry through direct monetary saving. We provide cost-saving enzyme solutions to conserve food, water and energy. Our novel solutions are patented, validated and tested in several countries. We have ensured that the solutions we provide work synergistically creating real value for the end user industry.

We provide solutions that address a definite need in the industry and our potential market is in the order of $7-8 billion per annum. However, the real challenge we face is in creating awareness and ensuring that our technology reaches every nook and corner of the world.

Solutions for a greener future

The global water consumption has been on the rise owing to the need for more food, and domestic and industrial use. Richcore provides enzyme technology for better waste water treatment and increased reuse. Our technology provides close to 25 percent cost saving as compared to the current costs without any need for modifications or additional CAPEX in waste water treatment plants.

Link: http://biospectrumindia.ciol.com:50080/content/CoverStory/11110115.asp