From Salt To Sustainability: How Tata Chemicals Is Driving Growth On the Back Of InnovationBased on innovation, the company aims to make next-generation science differentiated products. It develops innovative products along the vectors of sustainability, good health, food, fuel, energy, environment, water and wellness

ByShrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Necessity is the mother of invention, said Plato. When India was witnessing a surge in goiter problems, iodine was considered the immediate solution. One of the fastest ways of consuming iodine in a diet was through salt. This was the eureka moment for Tata company to pioneer the iodisation of salt. "Tata Salt was among one of the many innovations born out of necessity. Our R&D and innovation is linked with social challenges which we aim to address. We solve these problems using science-based methods," said Dr. Richard Lobo, head of innovation at Tata Chemicals.

Tata Chemicals was set up in 1939 with a mission to serve society through science. Based on innovation, the company aims to make next-generation science differentiated products. It develops innovative products and solutions along the vectors of sustainability, good health,. food and fuel, energy and environment, water and wellness.

"Catering to the current needs of the country, we keep on innovating our solutions. Just on the salt side, we have come up with Double Fortified Salt, Low Sodium salt, which were all made based on need of the hour. Going forward, we are focusing on sustainable green chemistry, bio polymers, synthetic biology, among others. In the agri selector, we are looking at gene editing capabilities, improving bio-actives in medicinal herbs," he said, giving insight into how the company is constantly reinventing.

此外,公司正在加强use of IIoT (industrial Internet-of-things), AI (artificial intelligence), data analytics and technology to improve R&D capabilities.

"We are using machine learning (ML) algorithms for genomic prediction in Maize. This helps in growing better quality drought resistant crops which needs less water and gives higher yield," said Lobo, adding that the company has been recognized by industry leaders for its innovations.

Tata Chemicals has manufacturing operations in the US, Europe, Africa, India and when it comes to manufacturing challenges, it focuses on long term synergy goals and emerging customer needs. Aligned with the ESG ( environmental, social and governance) goals, the company focuses on reducing carbon footprint, leveraging green chemistry principles and improving sustainability. "Tata Chemicals has signed the science-based target pact, which emphasizes target-based reduction of carbon footprint and taking action on climate change."

The company's business is spread across food, fuel, energy, water and wellness. Each vertical has its own set of challenges. "These sectors have their own value propositions and challenges. The aim is to have a positive impact at scale. To curate a solution, we need to understand the problem at length. When we made Tata Swach, the gravity-based water purifier, the challenge was to bring down the cost to an affordable level for people living in the rural areas. Now, we are working on cutting the cost further."

The company has now ventured into its green supply chain strategy for transportation which involves process automation, is cost-effective and eco-friendly. "This can replace three million plastic bags a year. Apart from this, we also have a nutraceutical plant in Nellore, which is completely based on renewable energy. Fresh innovation insights are helping us in empowering businesses and making vital strategies."

Shrabona Ghosh

Correspondent

A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense.

Related Topics

Growing a Business

Want to Sound Smarter? This Stanford Professor's Simple 3-Point Technique Will Help

With a little structure, you can impress audiences with your ad-libbing all day.

Entrepreneurs

From Being an Innovator Founder to Being an Investor, Read this Journey in the Field of Biotech

Arun Asaithambi has recently established Jaia Tech Ventures along with Anand Asaithambi in India to support and empower startups and innovators in the technology and healthcare industry through angel investments

News and Trends

7 Mistakes To Avoid When Applying For A Small Business Loan

Obtaining a small business loan and employing the funds strategically can be a great way to grow your business.

Starting a Business

16 Accelerators Designed to Fast-Track Small Business Founder Success

If you want to start up, level up, or scale up, look into these accelerator programs being offered by the big businesses on our Champions of Small Business list.

Business Plans

10 Simple Tips to Write a Successful Business Plan

In the new book "Write Your Own Business Plan," business expert Eric Butow takes the anxiety and confusion out of planning and offers an easy-to-follow roadmap to success.