3D printing policy for local firms

Description

Context: The global market for additive manufacturing is expected to reach $ 34.8 billion by 2024, which is growing at a compound annual growth rate of 23.2 per cent, according to the IT Ministry's estimates.

3D printing or additive manufacturing uses computer-aided designing to make prototypes or working models of objects by laying down successive layers of materials such as plastic, resin, thermoplastic, metal, fiber or ceramic.
Eyeing an emerging global market, the Ministry of Electronics and Information Technology (MeitY) will soon come up with a 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.
The policy will help develop a “conducive ecosystem for design, development and deployment” of 3D printing and additive manufacturing.

3D printing and additive manufacturing

3D printing or additive manufacturing uses computer-aided designing to make prototypes or working models of objects by laying down successive layers of materials such as plastic, resin, thermoplastic, metal, fiber or ceramic.
3D printing is being used in almost all industries for ex:
consumer products (eyewear, footwear, design, furniture)
industrial products (manufacturing tools, prototypes, functional end-use parts)
dental products
prosthetics
architectural scale models & maquettes
reconstructing fossils
replicating ancient artefacts
reconstructing evidence in forensic pathology
movie props