think3D Announces $6 Million Facility 3D Printing Facility in India for Medical Devices

Published by , June 20, 2017 12:06 pm

(3Ders.org)  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.

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