Latest News | 3D printing: the government aims to add 3 billion dollars to the GDP in 3 years

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New Delhi, Feb 24 (PTI) The government aims to capture 5% of the global additive manufacturing or 3D printing market share with the hope of adding nearly $2-3 billion to GDP over the course of next 2 to 3 years, said the Union Minister. Ashwini Vaishnaw said on Thursday.

As part of the National Additive Manufacturing Strategy, the government plans to create 50 India-specific technologies for materials, machines, processes and software to make India a design and manufacturing hub 3D printed.

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“The value of precision electronics is high. It is estimated that it will contribute $2-3 billion to GDP in the next 2-3 years,” said Ashwini Vaishnaw in communications and technology. electronics and information technology when announcing the strategy.

The strategy aims to create 100 new start-ups, 500 additive manufacturing products and 50 Indian additive manufacturing technologies on materials, machines, processes and software.

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“We have taken clearly defined goals in this strategy. We are targeting 50 new India-specific technologies, 100 new start-ups, 10 existing and new manufacturing sectors, one lakh new skilled workforce,” said Vaishnaw said.

3D printing has many possibilities in the manufacture of artificial limbs, stents, dental crowns, automotive parts and consumer goods, among others.

“We will find that for more than a decade India has missed the bus when it comes to high precision manufacturing. We are at the same stage as the rest of the world. Additive manufacturing is essential in the global toolbox that the India,” said the Minister of State for the United States. Electronics and IT Rajeev Chandrasekhar said.

He added that the release of the strategy is a signal to the world that India is ready to build and lead in the additive manufacturing space.

“We will explore industry interest and come up with measures to encourage them further,” Chandrasekhar said. HRS hours

(This is an unedited and auto-generated story from syndicated newsfeed, LatestLY staff may not have edited or edited the body of the content)

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