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Safety Relief Valve FAQs

Safety Relief Valve FAQs

Companies that repair, test, maintain or...

An Update on U.S. Valve-Related Standards

An Update on U.S. Valve-Related Standards

It takes much time and effort by many pe...

Diagnostics for Commissioning and Startup

Diagnostics for Commissioning and Startup

Many facilities have found value in perf...

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Safety Relief Valve FAQs

Safety Relief Valve FAQs

Monday, 14 August 2017  |  Lyndon Garrick

Companies that repair, test, maintain or supply valves routinely receive inquiries from end users about safety-relief valves. Here are a few questions...

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Industry Headlines

Forum Energy Technologies Acquires Multilift

2 DAYS AGO

Forum Energy Technologies, Inc. has acquired the stock of Multilift from Pelican Energy Partners, a Houston-based oilfield services focused private equity fund, and management. Based in Houston, Multilift manufactures the patented SandGuard and the Cyclone completion tools; products that extend the ...

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ValvTechnologies Names Teele Director of Global Quality Management

4 DAYS AGO

ValvTechnologies, Inc. has appointed Michael Teele director of global quality management. Based in Houston, Teele will be responsible for setting and maintaining global quality standards, systems and processes, as well as serving as a leadership champion of continuous improvement. With a deep technic...

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Executive Order to Speed Up Infrastructure Project Approval

2 DAYS AGO

President Trump signed an executive order intended to roll back “rules regarding environmental reviews and restrictions on government-funded building projects in flood-prone areas as part of his proposal to spend $1 trillion to fix aging U.S. infrastructure,” Reuters reports .

“Trump's...

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DuPont and Dow Chemical Set Closing Date for Merger

3 DAYS AGO

DuPont and The Dow Chemical Company announced that all required regulatory approvals and clearances have been received, that all conditions to closing of their merger of equals have been satisfied, and that their merger of equals will close after the market closes on August 31, 2017.

“The compa...

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U.S. Factory Output Declined in July

2 DAYS AGO

Manufacturing output edged down 0.1% in July. The index for durables decreased 0.5%. Among durable manufacturing industries, with the indexes for primary metals and for furniture and related products each dropped more than 1%. The index for other manufacturing (publishing and logging) moved down 0.4%....

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Empire State Manufacturing Index Highest in Nearly Three Years

4 DAYS AGO

Business activity grew strongly in New York State, according to firms responding to the August 2017 Empire State Manufacturing Survey. The headline general business conditions index climbed fifteen points to 25.2, its highest level since September 2014. The new orders index rose seven points to 20.6 a...

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A Conversation with Ravi Krishnan on Doing Business in India

vmfall11_krishnanAlthough this year’s Market Outlook had its share of gloomy news regarding international economic woes, a bright spot in many of the speakers’ comments was India. That country, which did not have nearly the magnitude of problems during the Great Recession as the rest of the world, has seen consistently large year-over-year gains in the last decade and a half as it has learned to deal with the major economic reforms that began in the early 1990s.

 

The country now has one of the highest Gross Domestic Product (GDP) growth rates on the globe (about 7.5% to 8% at the time of the market outlook), with a strong demand for flow control and a current market of about $2 billion in valves, according to outlook speaker Ravi Krishnan, president of Krishnan and Associates.

 

Krishnan’s company is a technical and energy consulting firm located in the U.S. that specializes in helping countries here with their dealings in major Indian industries such as power and infrastructure. Krishnan himself was born in India, though he has made his home here in the U.S. for the last 20 years.

According to Krishnan, the growth that has occurred in his native country has not been without its challenges.

For example, “India still deals with infrastructure problems,” Krishnan explained. “There are many regions that are very well developed with manufacturing activities running smoothly. But there are other parts of the country with shortages of labor, power supplies and other essential commodities needed for a successful business operation,” he adds. Finding skilled labor or contractors skilled in western standards to execute a job can also be a challenge, as can finding the right equipment, he said.

Still, in the six years since starting his consulting business, he says an enormous change has occurred in the business world and that change permeates the Indian culture.

“The Indian entrepreneur of today is lot different than the businessman of the 1990s. Today’s companies have access to capital, knowledge of the technology, access to resources, and they have learned to do business in a global environment,” Krishnan says.

That is a critical development for anyone who wants to do business there because to be successful as an outsider requires forming good partnerships and cooperative arrangements with people and companies on the inside, he points out.

Other Challenges

One of the reasons good partnerships are so critical is price sensitivity within India’s borders, Krishnan says. “The government and industry in general have a high focus on low capital costs, even if it means moderately higher life-cycle costs,” Krishnan explains. Competition for technology is tough in India so “suppliers to the Indian industry may have to either set up operations in low-cost regions of the world such as Viet Nam or China or try to manufacture the products or most of the components of the products in India itself,” he said.

However, it does not mean quality isn’t important or is not receiving increased attention as the country learns the hard lessons that come from buying cheaper products and finding out how unsafe they can be or how expensive short life cycles can be.

“Today, you can go into that country at higher prices if you have a premium product, but it has to have demonstrable value,” he said. In the case of valves, that translates into efficiency or performance improvements over standard commodity valves.

But this value also needs strong intellectual property (IP) protection.

“Products that come into India that don’t have a strong IP position could easily be reverse engineered,” he said. At the same time, Krishnan pointed out that the country has come a long way in this area. “There has been a lot of progress in relation to IP issues in India’s court system, though damages awarded there might not be as high as in western markets,” Krishnan says. The country has aligned itself with the World Intellectual Property Organization and has patent offices in its major cities with a system design to protect both domestic and foreign technology—all of which “are positive trends towards enforcement of stronger IP situations,” he said.

Finally, a requirement for success in India is learning to recognize cultural issues with respect to the working environment.

For example, “in a small village, if there is a safety or environmental incident at a plant site, it’s likely to start a riot if a person is hurt—these issues could delay project schedules and construction activity,” Krishnan says. The country feels strongly about its communities, local customs and labor relations.

For all of these reasons, “it’s a good idea to enter the country through a joint venture, a licensing arrangement, an agency relationship or some other form of collaborative partnership with parties that know how to deal with local manufacturing issues, personnel issues, sales and marketing issues, plant siting or construction or project management issues,” he concludes.


Genilee Parente is managing editor of Valve Magazine. Reach her at This email address is being protected from spambots. You need JavaScript enabled to view it..

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