French 3D design software company Dassault Systems is looking to expand its capacity in India, which is one of its major development centres globally.
The company that has more than 2,000 employees in India also counts the country as one of its top three markets in Asia, said Olivier Ribet, vice-president at Dassault Systems, while attending its flagship 3DEXPERIENCE Forum 2018 event in Bengaluru.
Commercial vehicle manufacturer Ashok LeylandNSE 0.24 % has become the first in India to adopt the company's Global Validation, Proven Performance (GVPP) 3D solution, Dassault Systems announced at the forum.
Over the next one year, the company is looking to expand its teams in Pune and Bengaluru R&D centres as it sees more demand coming in from the digitisation drive in Indian companies. Demand for its products has seen a sharp increase in the past two years, Ribet said.
"The major demand that we see is from defence, transportation and mobility. But overall, the market is so huge. SMEs and startups is another area where we are seeing an increasing demand these days," he added. "In India, engineering foundation is very strong and the talent here has multiple skillsets which is not seen in other countries. It benefits us in many ways to expand our workforce here," he said.
Dassault Systems is scouting for acquisitions in the scientific innovation space. In January, the company announced a global entrepreneur programme to accelerate the development of innovations by startups, entrepreneurs and manufacturers. In India, it is looking for innovative 'hybrid' ideas to build new products with a blend of technologies. It is looking to invest as well as mentor startups working on such products.
According to market intelligence firm 6Wresearch, India 3D printer prototyping and materials market is projected to reach more than $62 million by 2022 with several startups entering the niche segment.
Media Courtesy : Economictimes Indiatimes