3D printing or additive manufacturing is a process of making three dimensional solid objects from a digital file. The creation of a 3D printed object is achieved using additive processes. In an additive process an object is created by laying down successive layers of material until the object is created. Each of these layers can be seen as a thinly sliced cross-section of the object.
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.
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.
According to the draft policy, the Central Government will also look to encourage market leaders to establish global bases for 3D printing in India, while also discouraging imports of printed material for domestic requirements. Other key areas of focus include the auto and ancillary auto and motor spare part business, such as engines, interior and exterior parts of luxury vehicles, or landing gear, complex brackets, and turbine blades.