Jaykay Enterprises, part of the 140-years-old diversified JK conglomerate, has entered into a strategic partnership with EOS, Germany. The JV will operate through a new subsidiary called NeuMesh Labs Pvt Ltd headquartered out of Bangalore. The new JV will be lean and agile structured, with technical knowledge from EOS. Jaykay Enterprises also aims to invest in a print farm where the infrastructure and assets will be owned by Jaykay Enterprises.
The JV will support Indian companies to adapt Metal 3D Printing by offering EOS Additive Minds consulting topics in the area of Design For Additive Manufacturing (DFAM) Part Screening and Selection, Topology optimisation and to generate business case. Further, Jaykay Enterprises will invest in a print farm with options of both onsite and offsite capabilities. This Centre of Excellence will not only support Indian customers but would also look to provide support in the global market.
On announcing the partnership, Abhishek Singhania, Additional Director, Jaykay Enterprises, said, “Jaykay and EOS have substantial brand equity in the market. EOS is the global technology leader for industrial 3D printing of metals and polymers, and we are excited to further develop the technology for India. The JV will address the growing need of metal printing in Defence, Aerospace & Healthcare industry. A huge component of metal 3D market in our country remains unaddressed. Due to the ever-changing technology and limitation in the size and deposition rate in printing, companies are reluctant to invest in the technology. With EOS as our partner, we hope to overcome these limitations and make India self-reliant.”
Anand Prakasham, Country Head, EOS India, said, “Jaykay has a strong legacy and diversified portfolio with experience in 3D Scanning, modelling and reverse engineering and EOS is the global technology leader in 3D metal printing. Together, we will serve the demand for high-end technology in 3D metal printing in India. We look forward to a fruitful and rewarding journey ahead.”
Jaykay Enterprises has earlier invested in Nebula 3D which is in the business of scanning, modelling, reverse engineering, designing & benchmarking. With this new venture, Jaykay Enterprises will become an integrated player in the 3D Metal Printing market through its cutting-edge manufacturing technology.
Since metal 3D Printing is a fairly nascent and under-researched industry in India, Jaykay Enterprises engaged E&Y to work on a comprehensive project and strategy to understand the market potential. The study revealed that the current market opportunity of metal 3D printing market in India is of Rs 280 crore growing at CAGR of 33.2%. It can grow to Rs 1,190 crore by 2025 with aerospace and defence being the highest contributors.
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