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Govt. of India formulating India’s 3D Printing Policy to Develop a Conducive Ecosystem for Local Firms

Govt. of India formulating India’s 3D Printing Policy to Develop a Conducive Ecosystem for Local Firms

Written by Paul

December 15, 2020

Above: think3D’s 3D printing facility in Vizag/Image Source: think3D The Ministry of Electronics and Information (MeitY) of the Government of India revealed that it is formulating India’s 3D printing policy aimed at promoting 3D printing on an industrial scale and helping domestic companies overcome technical and economic barriers so that they can build supportive and ancillary facilities for world leaders in the technology, such as the US and China.

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According to IT Ministry’s estimates, the 3D printing industry is forecasted to reach $34.8 billion by 2024, which is growing at a compound annual growth rate of 23.2 per cent. Speaking to The Indian Express , government officials expressed that India’s 3D printing policy will help develop a conducive ecosystem for design, development and deployment of 3D printing and additive manufacturing. A senior IT Ministry official commented, “3D printing and a viable industry around it is mostly in the shape of additive manufacturing, wherein companies make specific products for projects where there are very specific demands such as lightweight equipment, etc. Our aim for now is to build around that requirement.” Above: Wipro3D’s Metal AM Solutions Centre in Bengaluru/Image Credit: Wipro 3D Government officials revealed that a draft policy will […]

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