Is there any valve either solenoid operated or pneumatically operated or hydraulically operated valve, whose on time is less a 0.2 sec. Let us know if such a high speed valves are available.
This is a question best answered by a knowledgeable valve manufacturer's representative, someone who, after asking a few questions to understand the application (information you have not provided--like, voltage/current available for actuation; pressure(s) to be opened against; service (type of gas or fluid); size of piping/tubing the valve will be installed in; any special requirements for valve/seat materials; etc.) will be able to say quickly, "Yes; we have [one or several] valve(s) which meet your specification.
Most major industrial cities have LOTS of various maufacturer's representatives, some of whom represent several different/similar vendors. If you don't currently work with one or more such vendors, a quick World Wide Web search of valve manufacturers will usually provide you with access to local dealers/representatives you can call for assistance. Or, a direct telephone number to their sales/technical service group.
But, you haven't provide nearly enough information for us to be of much help in your quest. There are too many variables to give you a proper answer.
You could also search some valve manufacturer's websites for information/part numbers. But, almost inevitably you're going to have to talk to a person to order the valve, and you may go through all of the above--again--and find a completely different valve is the right one for your application.
Locate and contact a local valve manufacturer's representative for assistance; they are always glad to sell equipment--especially if they think there is an opportunity to sell more in the future!