6wresearch logo
6wresearch discount on market reports

My Budget 2016 | What the 3D printing industry in India wants from FM Arun Jaitley

February 23, 2016

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: "Indian 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 3D printing industry had a number of concerns they wish to see addressed in the Union Budget. Here are five things Novabeans highlighted:

  1) The high duty structure needs to be addressed.

  2) The custom duty levied on 3D printers should be reduced.

  3) High custom duty leads to firms being rendered unable to procure advanced machinery. This is a huge hindrance
      to technological advancements in production.

  4) The Make in India initiative cannot be a reality unless taxation rates are reduced on 3D printing machinery.

  5) High duties are a widespread roadblock. It is this particular factor that is keeping most Indian firms from adopting
      3D printing.

  6) Tax credit and subsidies to startups in 3D printing business for a minimum period of 5 years.

  7) Easy access to funding with low interest rate.

  8) Sale and income tax exemption at least in the incubation period of 3D printing startups.

Media Source: Catch News

      Browse More Report

India Edge Server Market (2018-2024)

Market Forecast By Types (Rack Server, Blade Server and Tower Server), By Topologies (Consolidated Edge Topology and Single Site Edge Topology), By Edge Services (Access Edge Service, A/V Edge Service and Web Conferencing Edge Service), By End User Verticals (BFSI, Government, Telecommunication, Commercial Offices & IT/ITes and Others...

Read More

UAE Commercial Vehicle Telematics Market (2018-2024)

Market Forecast By Vendor Types (OEM and Aftermarket), By Sectors (Construction & Infrastructure, Logistics, Government & Infrastructure, Transportation and Others), By Commercial Vehicle Types (Light Duty Commercial Vehicle...

Read More

Saudi Arabia Pillow Market (2018-2024)

Market Forecast By Types (Microfiber, Down & Feather, Foam & Memory Foam and Others), By Applications (Residential and Commercial), By Regions (Central, Western, Eastern and Southern), By Distribution Channels (Hyper Markets & Super Markets, Specialist Retailers and Others...

Read More

Middle East Fire Safety Systems and Equipment Market (2018-2024)

By Types (Fire Fighting Systems and Equipment (Fire Extinguishers (CO2, Dry Chemical, Clean Agent, Foam Fire, Wet Chemical and Water), Fire Suppression Systems (Inert Agent, Halocarbon Agent, Carbon Dioxide, Wet Chemical Fire and Dry Chemical), Fire Sprinkler Systems...

Read More

Saudi Arabia Cable Tray Market (2018-2024)

Market Forecast By Materials (Aluminum, Steel and Stainless Steel), By Types (Ladder, Solid Bottom, Trough & Perforated, Channel, Wire Mesh and Single Rail), By Applications (Power Utilities, Construction, Industrial and Others), By Regions...

Read More

UAE Augmented and Virtual Reality Market (2017-2023)

Market Forecast By Type (Head Mounted Display, Head-Up Display, Smart Glass and Mobile Devices), By Verticals (Entertainment, Commercial, Automotive and Others), By Regions (Northern Emirates and Southern Emirates) and Competitive Landscape

Read More

Europe Lithium Ion Battery Market (2018-2024)

Market Forecast By Power Capacities (5-25 Wh, 48-95 Wh, 15-99 KWh, 100-250 KWh and Above 300 KWh), By Components (Cathode, Anode, Electrolytic Solution and Others), By Materials (Lithium Cobalt Oxide, Lithium Manganese Oxide, Lithium Iron Phosphate and Others...

Read More

India Air Purifier Market (2018-2024)

Market Forecast By Segments (Car and Room), By Types (Type I: HEPA + Carbon, Type II: HEPA + Carbon + Ionizer, Type III: HEPA + Carbon+ UV, Type IV: HEPA + Carbon + Electrostatic, Type V: HEPA + Carbon + Ionizer+ UV + Electrostatic and Type VI: Other Technologies...

Read More

Saudi Arabia Road Assistance and Vehicle Service Market (2018-2024)

Market Forecast By Package Type (Basic Package and Custom Package), By Regions (Central Region, Northern Region, Western Region and Southern Region) and Competitive Landscape

Read More


Our Key Clients
6wreserach client list


6Wresearch Events
6wreserach events