Magnetic Material Production

Problem Statement:

Energy is the number one problem of Pakistan and solving this problem in a cost effective manner is a big opportunity..

Type:

Forum.

Description:

The project is to create a group that would apply themselves to come up with powerful magnetic materials locally so that motors and generators can be produced at a lower cost. The idea is to create this at a reasonable cost so people can generate their electricity from local resources at a low cost without burning fossil fuels and in an eco-friendly way. The forum will encourage and generate funding for this work to quickly get to a local industry that can resolve the energy problem in the next five years and reduce dependence on foreign oil and gas that is expensive and takes precious foreign exchange..

People Impact:

Any new industry based off the concepts of local design an materials will be cost effective and it will generate jobs for young entrepreneurs..

Financial Impact:

This will create financial opportunity for the manufacturers and also help provide low cost energy to people in a distributed local way that they can maintain themselves..

Domestic Jobs:

30000.

Foreign Jobs:

30000.

Domestic Market in Rs:

3000000000.

Export Market in Rs:

3000000000.

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