INDORE-BASED SONIC Biochem Extractions Ltd, which manufactures and exports a wide range of soybean products, is banking on the organic segment to propel its growth in the coming years. The company will go in for contract farming of organic soybean and is setting up a unit at Pithampur SEZ (special economic zone) exclusively for organic soy products. The unit is expected to commence operations within six months.
The company exports wide range of products in segments such as food, pharmaceuticals, cosmetics and cattle feed to more than 32 countries across the globe.
Company chairman S K Matlani told Hindustan Times that the company has started procuring organic soybean from the market and is coming up with a factory at Pithampur SEZ to make organic soy products.
“There is a growing demand for organic soy products, particularly edible items, in the European and US markets”, he added. The company will also start contract farming in Mandsaur from next year when the lands get certified for organic farming. “We have identified farmers who have been growing cotton without using chemical fertilisers or pesticides in their land.
A two-year gestation period is required to render the soil suitable for organic cultivation of soybean”, Matlani said. Once the authentication process is complete, the company would be entitled to affix the official ‘Indian Organic’ logo on the products to be marketed. Under the existing guidelines, only products containing a minimum 95 per cent of organic ingredients by weight can be labelled ‘organic’. Similarly, there are stringent limits set for the use of solvents during the extraction process.
The organic produce fetches a premium of at least 50 per cent in the domestic or export markets. The group is a niche player in the new generation soy products having manufactured few products for the first time in India with indigenously developed technology.
The company at present has two manufacturing units having a capacity to manufacture 50,000 MT of soy proteins, 30,000 MT of soy food products, 10,000 MT of Soy TVP, 15,000 MT of full fat soy flour and 2000 MT of soy emulsifiers and antioxidants annually.
The Mandsaur unit houses solvent extraction plant, flour mills, lecithin plant and food extruder while the Pithampur unit has molecular distillation plant, extraction line, spray dryers, food extrudes and dry extrusion roasting.