Mishra Dhatu Nigam (MIDHANI), a city-based defence PSU, has signed a transfer of technology agreement with CSIR-National Aerospace Laboratories (NAL).
Under the agreement with the Bengaluru-based R&D laboratory, MIDHANI will process nickel-titanium shape memory alloys (NiTi-SMAs) on exclusive basis for engineering and bio-medical applications, a release said here today.
D K Likhi, Chairman and Managing Director of MIDHANI, and Jitendra J Jadhav, Director of CSIR-NAL, inked the agreement here on March 4.
To tap the emerging potential of NiTi-SMAs in bio- medical sector (medical devices), especially the stent market, the company will manufacture shape memory alloys and market the products for the first time in India with the process technology from CSIR-NAL, the release said.
MIDHANI plans to manufacture NiTi-SMAs in wires, strips, rods, springs and plates form. At present, no alloy manufacturer in India is making NiTi shape memory alloys on commercial scale, and their demand is met through import, it added.
The indigenous production of shape memory alloys will result in import substitution and help the country become self-reliant in critical raw materials. It will also bring down the market price of SMA bio-medical products/devices, the release said.
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