The Union Budget 2016 is set to be announced on 29 February.
With the Startup India initiative gaining momentum, many new industries are mushrooming in the country. One such industry is the 3D printing industry. The field is often referred to as the sunrise sector, given the massive investments in the industry.
In a recent study, 6Wresearch, a leading research firm, stated: "India 3D printer market is expected to cross $79 million by 2021, with automotive applications accounting for the biggest chunk of business."
Catch spoke to Novabeans, a leading 3D printing firm, on what the industry wished to see in the Budget 2016. A representative of the firm said that the 3D printing industry had a number of concerns they wish to see addressed in the Union Budget. Here are five things Novabeans highlighted:
he high duty structure needs to be addressed.
Key Reports Available:
Media Courtesy : Catch News