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
Meet the High-Flying CEO of Eenvest.com – Li yang
Li Yang is a Chinese Canadian business executive, who is the founder and CEO of Eenvest.com, the world’s first blockchain powered High frequency trading service by trading volume, as of April 2018. Li Yang was previously a member of the team that developed several blockchain and also served as chief technology officer in top Financial organisations.
Yang was born in St Hubei province, China. In the late 1980s, he moved with his family to Vancouver, British Columbia, Canada. His father was a professor in China before they left the country.
In his teenage years, Yang helped support his family by working a number of service industry jobs which included being a McDonald’s employee.
Yang Attended McGill University in Montreal, Canada, where he majored in Finance and Economics.
After college, Yang began working for the Tokyo Stock Exchange, developing software for matching trade orders. He also worked at Bloomberg where he was a developer of futures trading software.
In 2017, Yang left Coinbase to start a Blockchain based Stock trading firm called Eenvest. He launched the company to online clients in february 2019, following a $25 million funding. In less than 2 years, Yang has grown eenvest.com into the world’s largest Blockchain based Stock trading platform by volume.
Rico Torres: No Limitation To What You Can Achieve In Life
Rico loves to enhance individuals’ lives. That is the reason he decided to impart information and mindfulness through the substance he makes. He is a multi-gifted character with his name across numerous life territories. He can utilize substances to move individuals since he has experienced a ton throughout everyday life. Along these lines, to reward society, he utilizes his Instagram to reach and show individuals the genuine estimation of life.
Rico is renowned today not on the grounds that he trusts in cultural standards but since he burrowed profound to discover his motivation. He was very nearly turning into a specialist subsequent to examining Biological Health Science at the University of South Florida. He made a progression of strides that carried him to where he is today.
His experience wasn’t extraordinary compared to others you would respect, yet his flexibility and assurance are something worth loving. Rico is a Colombia-conceived American because of his folks’ movement. Seeing his folks isolated and engaging in anorexia and asthma were testing experiences he confronted growing up.
He would take part in battles in school to try not to be tormented. Along these lines, he needed to change secondary school multiple times. Discouragement set in, and Rico experienced tension. He would not like to live in hopelessness, so he moved himself to deal with his body. Rico is solid today in view of wellness and strength preparing he used to break liberated from psychological instability. Presently, he has an incredible body that makes him perceptible among the group.
Rico is a fruitful businessperson with in excess of ten dynamic organizations, including a few investment properties. As a model, he works together with various brands to be their minister. As a committed extremist, he has gone on clinical mission excursions to Ecuador, Peru, and Nicaragua. This was never an issue for him since he adores voyaging.
With no experience or information about media outlets, Rico relinquished his journey to be a specialist to begin new vocations altogether. He accepts with the correct equilibrium, it isn’t difficult to take a stab at something new. In spite of the fact that Rico bombed commonly attempting to be inventive, he was adequately firm to conquer his prosperity deterrents.
Amar Patel – The King of Effective and Reliable Multi-Vitamins In India
In an unfortunate business-dominated world where all those entrepreneurs are concerned with, is profit, there are few who actually do business that matters on an internal level. And by this, we mean the nutrition and health care business. Speaking of nutrition, the one name to be reckoned with in the field is that of entrepreneur Amar Patel. Amar has not only benefited from a business standpoint because of the pandemic but has also helped the country with his superior-quality supplements, which saw a huge sale during the pandemic.
Apart from stocking up on masks, face shields, and sanitisers, another huge product that was consumed by a huge majority, were nutrition supplements. Given COVID attacks one’s immunity, there was a huge surge in the demand for nutrition supplements and the ones that Amar’s company brought to the market, came highly recommended. In fact, his company’s sales skyrocketed to a staggering 415% in just one week of March 2020. And his current sales, now that the threat of COVID-19 has gone down considerably, are still at an amazing 160%.
Amar Patel, himself, is a fitness junkie. And one look at his social media account proves our claim. He definitely promotes healthy living given he is all about health and wellness. Amar has been in this field for the past 8 years and knows the ins and out of how health is of utmost importance for an individual. He is also one of the leading names in the business of manufacturing dietary and multivitamin supplements and related products in the country.
Amar believes that his company has reached where it is today in the market because of his responsible collaborations. This is one entrepreneur who does not wish to risk the quality of his business and its reputation and collaborates with only top nutrition and fitness companies for his products. In fact, his cut-list includes doing business with only those brands that have been featured as top-brands in magazines like Forbes. Well, responsible and smart… the two best qualities of a successful entrepreneur. Wouldn’t you agree?
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