6wresearch logo

AMTZ, think3D announce $6M medical device 3D printing facility in India

June 19, 2017

Indian 3D printing platform think3D, a subsidiary of Singapore-based think3D Labs Pte Ltd., has announced it will be establishing a $6 million 3D printing facility in Vizag, Andhra Pradesh, India. The center is being realized in collaboration with the Andhra Pradesh MedTech Zone (AMTZ), a special-purpose entity formed by the Indian government and the Andhra Pradesh provincial government with the goal of advancing medical device manufacturing in the country.

The $6 million facility is expected to enable India's medical device market (worth $5.5 billion and on the rise) to become more independent. Currently, nearly 75% of the market is made up of imported devices, a reality which hinders the country's economy and employment growth.

Part of the effort to increase medical device manufacturing in India is coming from MAKE IN INDIA, a government-led initiative aimed at promoting and expanding Indian design and manufacturing on the whole. Together with the government of Andhra Pradesh, MAKE IN INDIA has launched India's first medical technology manufacturing park and is encouraging local manufacturers to use its facilities with the support of subsidies.

At the park, one facility will be dedicated to 3D printing and 3D design. There, manufacturers in India will be able to benefit from state-of-the-art additive manufacturing equipment on a pay-per-use basis. This method will allow businesses to bypass large investments in equipment and their own manufacturing facilities without having to sacrifice high-end technologies.

"We realized the need to have mega industrial partners in AMTZ," says Dr. Jithendra Sharma, CEO of AMTZ. "They will support manufacturers in producing quality product at an industrial cost-effective scale."

think3D was chosen to help AMTZ set up and manage the 3D Printing & 3D Design facility after submitting a tender. Through the tender agreement, AMTZ will provide think3D with equipment through the facility on lease, while think3D will use its own expenses to manage the facility, offering services to customers at a subsidized rate (or at market rate for non-park customers).

The facility itself will span 20,000 square feet and will feature a number of metal, SLS, SLA, and bio 3D printers, as well as a reverse engineering facility and 3D design tools. "We are very excited to be part of AMTZ facility and contribute to the MAKE IN INDIA initiative," said Raja Sekhar Upputuri, co-founder of think3D. "A state-of-art 3D printing & 3D designing facility helps manufacturers bring innovative products into the market at a much faster pace. We look forward to see some great medical devices coming out of this park in years to come."

"think3D got selected in the tendering process by winning both technical and financial bids," added Nitin Bharadwaj, Vice President of Operations at AMTZ Ltd. "We believe think3D is a perfect partner for us to manage the 3D facility in the park. We were looking for one entity having expertise in 3D design, 3D scanning, and 3D printing fields and think3D fits the bill perfectly. We have seen various case studies they executed and are very excited about the value they bring to the park."

According to market intelligence solutions firm 6Wresearch, India's 3D printing market is expected to reach $62 million by the year 2022.

Media Source: 3ders

      Browse More Report

Middle East Power Tools Market (2018-2024)

Market Forecast By Types (Electric and Pneumatic), By Tool Types (Metal, Concrete, Wood Working and Others), By Verticals (Construction, Automotive, Manufacturing and Others), By Countries (Turkey, Iran, Saudi Arabia, UAE, Qatar, Oman, Bahrain and Kuwait)...

Read More

Sri Lanka Stationery Market (2018-2024)

Market Forecast By Type (Paper Stationery (Copier, Exercise Notebook, Premium Paper Stationery and Other Paper Stationery), Non-Paper Stationery (Pen, Pencil, Eraser, Scale, Sharpener, Art Stationery, Pencil Box, Eraser and Other Non-Paper Stationery...

Read More

Europe Blockchain Technology Market (2018-2024)

Market Forecast By Technology Types (Public Blockchain, Private and Permissioned Blockchain and Hybrid Blockchain), By Applications (Financial and Non-Financial), By End- Users (BFSI, Government and Public Sector, Transportation and Logistics, Healthcare...

Read More

Myanmar Stationery Market (2018-2024)

Market Forecast By Paper Stationery Types (Copier Paper (65-70 GSM, 70-80 GSM and Above 80 GSM), Exercise Notebook (Notebook, Drawing Notebook, Notepad and Others including Graph Notebook and Practical Notebook), Premium Paper Stationery...

Read More

Africa Solar Water Pump Market (2018-2024)

Market Forecast By Power Rating (Upto 3 HP, 3.1 to 10 HP and Above 10 HP), By Design Type (Surface and Submersible), By Drive Type (AC Motor and DC Motor), By Applications (Agriculture and Domestic), By Countries (Tanzania, Ethiopia, Kenya, South Africa, Tunisia, Egypt...

Read More

India Self Priming Pumps Market (2018-2024)

Market Forecast By Types (Electric and Diesel), By Head Range (Below 30 m, 30-50 m, 50.1-100 m and Above 100 m), By Horse Power (Below 1 HP, 1-3 HP, 3.1-5 HP, 5.1-7 HP, 7.1-10 HP and Above 10 HP), By Applications (Residential, Agriculture, Oil & Gas...

Read More

India Smart TV Market (2018-2024)

Market Forecast By Screen Type (Curved and Flat), By Screen Size (32 to 45 inches, 46 to 55 inches, 56 to 65 inches and Above 65 inches), By Resolution (4K UHD TV, Full HD TV and HD Ready), By Technology (LED, OLED and QLED), By Distribution Channels...

Read More

India Power Tools Market (2018-2024)

Market Forecast By Technology (Electric Power Tools (Corded Power Tools and Cordless Power Tools) and Pneumatic Power Tools)), By Tool Types (Metal Segment, Concrete Segment, Wood-working Segment and Others), By Verticals...

Read More

Bangladesh Stationery Market (2018-2024)

Market Forecast By Types (Paper Stationery (Copier, Exercise Notebook, Premium Paper Stationery and Other Paper Stationery) and Non-Paper Stationery (Pen, Pencil and Other Non-Paper Stationery (Art Stationery, Scale, Sharpener, Eraser, Pencil Box...

Read More

India Art Stationery Market (2018-2024)

Market Forecast By Types (Crayons (Wax Crayons and Plastic Crayons), Pencil Colors, Oil Colors, Sketch Pens, Oil Pastels, Poster Colors, Acrylic Colors and Other Art Stationery)), By End Users (Students and Professional & Hobby Artists), By Regions...

Read More

Middle East Transfer Switch Market (2018-2024)

Market Forecast By Types (Automatic Transfer Switch and Manual Transfer Switch), By Transition Mode (Open Transition Mode and Closed Transition Mode), By Ampere Rating (0-400A, 400-1600A and Above 1600A), By Applications (Industrial, Commercial and Residential)...

Read More


Our Key Clients
6wreserach client list


6Wresearch Events
6wreserach events