Self-sustenance is a concept that is gaining traction globally. It involves the ability to meet one’s own needs without relying on external resources. We a pharmaceutical company based in Gujarat, India produces a range of pharmaceutical products, including active pharmaceutical ingredients (APIs), generic drugs, and nutraceuticals. One of the key raw materials used in the production of APIs is para-aminophenol (PAP), which is used to produce paracetamol.
Farmson has taken steps to become self-sufficient for its PAP requirements. Farmson has invested in backward integration, which has enabled the company to produce its own PAP, and ensuring a consistent supply of this critical raw material with no need to import from China.
In addition Farmson is located in the chemical belt of Western India with all the major raw material suppliers in the vicinity. With their raw material storage capability along with the with primary and secondary treatment facilities for waste water.
The benefits of this move towards self-sustenance have been significant. Farmson has been able to reduce its resource consumption, including water and energy, which has resulted in cost savings and improved environmental sustainability. The company has also been able to maintain its production levels without disruption, even during periods of supply chain disruption and market volatility.
Farmson’s commitment to self-sustenance extends beyond its production processes. The company also operates its own waste treatment facility, which allows it to manage and recycle waste generated during its production processes. In addition, Farmson has implemented a range of energy-saving initiatives, including the installation of solar panels and energy-efficient lighting, to reduce its carbon footprint.
Overall, Farmson’s commitment to self-sustenance is a commendable approach that has yielded significant benefits. By investing in backward integration and taking control of its supply chain, the company has been able to reduce its reliance on external suppliers and improve its sustainability. This approach has not only benefited the company’s bottom line but also its stakeholders, including customers, employees, and the wider community. As more companies seek to become self-sufficient, Farmson serves as a model for how this can be achieved successfully.