In this unique and first of its kind situation after the Spanish flu in 1918, it is a huge wakeup call of nature with around 2 Lakh factories in India being shutdown with at least 5 billion-man days lost until now.
As India along with the rest of the world looks to determine ways to tackle this pandemic some key elements that will determine the way forward will be people, market demand, supply, and cash (liquidity).
As India moves toward the true essence of swadeshi, the shift & focus will be surely on “Make in India” which will see an influx of capital as companies shift base from China.
For Indian manufacturers who have so far been heavily dependent on China like the rest of world, self-reliance and localisation will be the new mantra for sustainability.
With restricted movement of people, labour, goods, transport in India and across the world, technology too shall have its own limitations and any setup without an alternate supply will face a massive glitch due to hindrance in the supply chain, although government initiatives like the 20L crores package for revival of the economy will help drive localisation.
It would be pertinent to look at one of the lesser known but an extremely important and interesting technology driven sectors in our country, the P/M (Powder Metallurgy) sector.
Powder Metallurgy ( in short P/M )is an art in the science of making metallic components from the corresponding constituent metal powders. These metal powders produced are compacted and sintered (diffusion bonded) to make the required machine components called sintered parts.
Powder Metallurgy is divided into two broad parts, one; manufacturing metal powders of ferrous and non-ferrous metals and their alloys and the other; using powders to make the parts.
80% of metal powders used in the P/M industry are Iron based Powders while 20 % are nonferrous.
Almost a million tons of iron powder is used worldwide each year. Around 90% of this quantity is used in the production of sintered components & 75% – 80% of sintered components are used in the automotive industry. The rest can be found in appliances, business machines, bicycles, hand tools and other implements made in large numbers.
The history of sponge iron powders in INDIA goes to back to 350 A.D evidence of which can be seen in IRON PILLAR at Delhi.
However, it was in 1911, that Hoganas A.B. of Sweden, re-invented the process of making sponge iron by a chemical reduction process, using Magnetite Iron Ore as a melting feed stock. In 1931, the process evolved towards the manufacture of sponge iron powder by employing double stage reduction.
While HOGANAS SWEDEN holds the world’s largest market share of sponge iron powder, the rest of the global players as QUEBEC & KOBE make ATOMISED & REDUCED grades, Chinese companies sell a mix of these in India, but their quality remains inconsistent.
India solely depends on imports of Iron Powders that are used extensively for components required for the automotive sector, along with welding, cutting and structural parts. Due to this unprecedented situation, it has become extremely necessary to be independent and start the manufacturing in India.
Here we would like to reinstate that these Iron Powders or any other non-ferrous can be produced in India without any technological import or assistance.
One day in the year 1982, the legendary late Dr. Henry
H.Hausner, the International Authority and Father of Powder Metallurgy ,told our mentor Mr. S.
Mohanty, “The basics of Powder Metallurgy, is a game of sizes and shapes
of powder particles and is an ART of its class”.
For Mr.S. Mohanty the researcher and inventor in this technology ,it has been a long journey of more than four decades of persistent efforts of pioneering applied research that led to the development of this technology . It continues even to this day with many proprietary works some of which that are patented vide Indian Patents nos. 154181, 168601, 171892 & 18635.
Our company Involute Metal Powders (IMPT) formerly S Mohanty & Co. been instrumental in setting up many metal powder industries in India for the manufacture of Copper, Bronze, Tin , Diluted Bronze and other alloy powders.
‘Ironically though, even after being the only technology provider in the world for the manufacture of sponge iron powder by the reduction process other than Hoganas, India still lags behind significantly in setting up a manufacturing facility which can stand at par with world standards and break the monopoly of the Iron Powder giant of the world.’
An indigenous process for manufacture of Sponge Iron powder has been developed by the erstwhile S.Mohanty & Co registered under patent no. 154181. The process involves two stage reduction of Iron Mill Scales, instead of Magnetite. This process remains unique as no other REDUCTION process has been developed so far nor could a prototype of the Hoeganaes process be implemented anywhere in the world. In yet another first, Involute Metal Powders has developed a high compressibility Iron Powder by the same two stage reduction of Mill Scales (vide Patent no.171292) .
Some APPLICATIONS OF IRON POWDER
- Self-lubricating bearings
- Parts with complicated geometry where high green strength is essential.
- Shock absorber parts
- High density P/M structural parts
- Clutches and pulleys
- Brake pads and brake shoes
- Soft magnet applications
- Welding electrodes
- Metal Cutting & Scarfing
The Indian Automotive industry is the world’s fourth largest and expected to reach around 18 trillion rupees (US$ 251.4-282.8 billion) by 2026.
While the Two-wheeler industry consumes approx. 90,000 tons of metal powder per year, the
Four-wheeler industry consumes around 75,000 tons per annum.
Thus even though the total consumption of sponge iron powder in INDIA is approx 132000 tonnes/year, we are yet to meet the demand of the market.
The drawback of not having indigenous factories to produce metal powders and the resultant dependence on imports makes for an expensive proposition and depletes market competitiveness.
Foreseeing a future where World economic and technological situations will alter post COVID, setting up captive plants for in -house consumption and huge standalone manufacturing facilities would help cater to the demands of Indian and Asian Markets that are growing rapidly.
With emphasis on MAKE IN INDIA initiative & ATMANIRBHAR BHARAT by our honourable Prime Minister, the Indian government will incentivise the industry and its end users to go for indigenous products, processes, and innovative projects.
An initiative by a local giant or a start-up to go for an indigenous process to manufacture Iron Powder would go a long way in taking India towards being a game changer for the Powder Metallurgy industry and a market leader in the field.
Soumya Vilekar, entrepreneur, a joint patent holder in metal powders,
CEO, INVOLUTE METAL POWDER TECHNOLOGIES LLP
Real Estate Mogul Mike Oddo’s Genius Pivot After Lost Market Share
From humble beginnings to scaling his brokerage to a yearly seven figure business at 26, Mike Oddo’s feats were phenomenal. Most entrepreneurs know, the market is a constantly evolving creature. As fate would have it, real estate mogul Mike Oddo, discovered this first hand when to his dismay he realised his precious brokerage was losing market share to a competitor in the early 2010s.
The competitor had recently begun using a software allowing for an unusual advantage in the marketplace. Mike however, was not too worried as he’d anticipated a need for such a software and had begun his own development of one. This only confirmed his sususpion and pushed Mike to go pedal to the metal and make his platform usable for his brokerage. That he did and he would soon reclaim his position as the undisputed champion in the real estate space.
Spotting opportunities, Mike knew that the proprietary tech stack he and his team developed had some serious potential to catch the market by the storm. “As a seasoned real estate veteran, I knew one thing. Booking meetings with prospects was a real pain, and I had always hoped that there would be an easier way to go about conducting real estate sales.” – Mike Oddo.
A sequence of events led Mike to have a chance encounter with the brother of a former employee who was actively involved in selling Yellow Page subscriptions. He proposed to the experienced salesman a potential deal where the salesman would sell Mike’s software in return for a generous commission, a deal would be made and that month Mike Oddo would see $20,000 in subscription sales for his proprietary system.
Mike’s subscription service would go on to be named “Market Maker Leads” – a U.S based software platform for real estate agents that generates real estate leads, nurtures leads, builds your authority and status, delivers those leads as prepositioned appointments™ directly to your calendar. Everything is done for you for a set monthly cost.
Now with proof of concept that agents like and see returns with his platform, Mike made the decision to sell his brokerage for what we would imagine was a handsome amount and Found Market Maker. Since 2012 Market Maker has ushered a new era of convenience and innovation in the real estate market.
Naturally, with the next level convenience offered by Market Maker, Mike’s company has become one of the fastest growing privately held companies in America with a very positive trajectory that we look forward to seeing play out.
Entrepreneur and marketing guru, George Elia, has been consistently behind the scenes pushing buttons behind some of the largest brands/name on social media.
Originally from Lebanon, began his industry rise dating back in 2017, where he was a key member and mentor for some record labels,
George, was influential to the development of several artists on the label, along with many others, helping guide and support careers of artists like, Diego money , Doe Boy, Guap Tarantino, Trap Manny, and many more.
Executive to Marketing Guru and Branding Expert.
George, has been apart and responsible for bringing some of the best new products and entertainment to the eyes of Millions of social media users.
.“We’ve perfected our system, and the results prove it”
The Importance of Pocket Your Dollars Money Solutions and Expert Financial Advice
You may earn a lot of money, but when it comes to investment, not everyone knows the ins and outs of their overall finances. This is where Pocket Your Dollars money solutions come into picture. Read on to understand why financial advice from experts like them is necessary.
There is a thought “Only rich people need financial advice from experts”, but it’s not true. Financial advice from experts is very important if you have a growing business or even a start-up because expert financial advisors have good experience and knowledge in the field. Their experience helps you to build and protect your assets. There are many such services that you can hire. To make your investments fully secured for a longer period it is very beneficial to take financial advice from experts. Here are 5 rewarding reasons to get financial advice from experts.
- For Your Family’s Protection
The very first financial planning one has to decide is life insurance. There are many life insurance plans available in the market. Some are very good, while some are average and some are ideal. The main reason why there are many options is because there are various such life situations. Since every individual situation is different, an expert can tell you which life insurance policy perfectly fits your needs.
Each life situation is different, for example, you are single or married, you are retired, or have a young family. They can help you find appropriate plans. They carefully study your life situation and provide the best feasible options for you and your family.
- Plan for Saving and Spending
For building assets, you require long-term security. At first, you have to pay for your emergencies and then for holidays and luxuries, as it doesn’t make any sense if it was the other way around. Step one should be to start saving and controlling your spending habits. You should be free from debts. You can check out Pocket Your Dollars and hire them to help you clear your debts with proper planning. Step two is to plan the saving patterns to build a wealthy lifestyle efficiently and effectively. The financial expert understands your whole situation properly and guides you through the right path towards a victorious future.
- Secure Your House
Purchasing a house is the costliest decision you ever take in your life. Financial experts often help you save many thousands of dollars and wait for the best time when the interest rates are best for you so that you’ll never have to borrow few dollars from here and there when you are purchasing a house.
- Investment Goals
Many Americans think about early retirement.Whatever your goals are, a financial expert advises you accurately to evaluate what can be possible. After that, the expert creates an effective plan for you to achieve your investment goals.
- Peace of Mind
If you are searching for a financial solution on the internet and doing all the work by yourself, then it can cost you time. To find the optimal solution, you have to study each aspect. Since the financial expert can do it in no time, you have peace of mind.
It doesn’t matter how much money you have or how old you are, you need a financial expert to ensure a secure financial future.
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