NiTi alloys are the equi-atomic alloys have special characteristics of corrosion resistance, super-elasticity, shape memory effect, biocompatibility and wear resistance. Due to these characteristics, these alloys have numerous applications in medical and engineering industries. A small change in the chemical composition, varies the characteristics of these alloys. Therefore, ternary element plays an important role in the development of NiTi alloy and final characteristics. Out of all the characteristics, the porosity and Young's modulus plays a crucial role in the engineering applications due to the enhancement superelasticity. Another important factor comes into the light is the reduction in Young's modulus by porous structure. In the present work, porous structure was developed using powder metallurgy and effect of input parameters (i.e. compaction pressure, sintering temperature and sintering time) were also investigated on porosity and Young's modulus. The optimization of parameters was completed using Taguchi. It was found that the sintering temperature have maximum influence (40.98%) on porosity followed by sintering time (34.59%) and compaction pressure (23.87%). However, for the evaluation of Young's modulus sintering temperature (62.35%) have maximum influence followed by sintering time (31.01%) and compaction pressure (5.49%).