President to honour Vikarsh Group's indigenous development in nanotechnology

  • Industry News
  • May 08,17
Leading industry houses like ABB, General Electric, SIEMENS, Toshiba, Crompton Greaves Limited and Bharat Heavy Electricals Limited have approved the usage of Nano Crystalline Ribbons and Amorphous Ribbons from Vikarsh. The usage of these ribbons manufactured in India is likely to grow in the current financial year and is likely to contribute towards saving of foreign exchange of about USD 3 million.
President to honour Vikarsh Group's indigenous development in nanotechnology

Pune, May 2017 – The Technology Development Board, a statutory body under Government of India's Department of Science and Technology, shall be honouring city-based Vikarsh Nano Technology and Alloys Private Limited, for the successful commercialisation of Nano Crystalline Ribbons and Amorphous Ribbons, which contributed in foreign exchange savings through these indigenously developed innovative advanced materials.

The award comprises of a trophy and Rupees Fifteen Lakhs (Rs. 15 Lakhs) cash prize and shall be presented to the Founders of Vikarsh by Shri Pranab Mukherjee, Hon'ble President of India, during a special function to be held at Vigyan Bhavan on the upcoming Technology Day (May 11). Dr. Harsh Vardhan, Union Minister of Science and Technology and Earth Sciences would also be present on the occasion. May 11th is celebrated as Technology Day to commemorate the successful nuclear tests in Pokharan on May 11th, 1998.

Nano Crystalline and Amorphous Ribbons are the outcome of complex engineering techniques. Vikarsh has become the first Indian company to develop these products in India for which the Indian industry was largely dependent on import before. These products have passed all international quality and environmental norms and have proved to be five times better in performance as compared to its competitors from developed countries.

Largely used in the electrical and electronics segment, these products have caused an estimated savings of foreign exchange of USD 2 million in the last financial year. Apart from electrical and electronics, these ribbons also have applications in other areas like defence, medical sciences and solar energy.

Sameer Shinde, Milind Wani and Laxmikant Trivedi, the founders of Vikarsh, had a dream to indigenously develop high performance magnetic material. The dream was realised after a consistent effort of about five years and in December 2014 these products were successfully manufactured by Vikarsh.

Leading industry houses like ABB, General Electric, SIEMENS, Toshiba, Crompton Greaves Limited and Bharat Heavy Electricals Limited have approved the usage of Nano Crystalline Ribbons and Amorphous Ribbons from Vikarsh. The usage of these ribbons manufactured in India is likely to grow in the current financial year and is likely to contribute towards saving of foreign exchange of about USD 3 million.

Related Stories

Chemicals, Lubricants & Raw Material
Hengst Filtration opens filtration plant in Bengaluru

Hengst Filtration opens filtration plant in Bengaluru

Spanning across 36,000 sq ft, the Yelahanka facility will manufacture a diverse range of products across multiple verticals, exemplifying the German firm’s long-term growth strategy for India, say..

Read more
Electrical & Electronics
Sterlite Power and GIC collaborate for power transmission platform in India

Sterlite Power and GIC collaborate for power transmission platform in India

The JV platform will be well-positioned to target the new opportunities emerging from the need for over USD 13.0 billion of CAPEX announced by the Government of India

Read more
Auto & Auto Components
TPEM partners with Hindustan Petroleum to enhance EV charging infrastructure

TPEM partners with Hindustan Petroleum to enhance EV charging infrastructure

HPCL aims to install 5,000 electric vehicle charging stations by December 2024. With four products in its portfolio, TPEM has led the rise of the EV ecosystem in the country, introducing its first E..

Read more

Related Products

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back