Peekay Group has signed an agreement with Bengaluru Airport City Limited (BACL) to develop a 3D Printing technology facility at the Airport City that is being developed in the BLR Airport premises. BACL is a wholly-owned subsidiary of Bangalore International Airport Limited (BIAL)
This facility will house a production centre as well as an experience zone to learn 3D printing and ideate for innovative solutions. In addition, the facility will be used to train technology experts, up-grade skills and increase awareness of various 3D printing applications. This will play a role in engaging youngsters in this new era of technology driven manufacturing.
3D Printing, also known as additive manufacturing, has wide applications including architecture, construction, automotive, aerospace, military, bio-tech (human tissue replacement) jewellery, education and many other fields.
The global 3D printing market size is estimated to reach US$ 62.79 billion by 2028 and is expected to witness a CAGR of 21.0 per cent from 2021 to 2028. McKinsey predicts that Additive Manufacturing could have an economic impact of $550 billion annually by 2025.
Traditional manufacturing has a negative effect on the environment, while 3D printing has been able to significantly reduce the carbon footprint.
“We are delighted to partner with the Peekay Group to develop a state-of-the-art 3D Printing technology facility as part of our Airport City. Bengaluru is emerging as one of the world’s leading tech innovation hubs, and at BACL our focus will be to continue partnering with companies in the fields of advanced electronics manufacturing, robotics and AI, space technology, 3D printing, quantum computing, chip design, digital content, online gaming, online education, fintech, agricultural technology and healthcare technology. We are confident that these initiatives will continue to further add impetus in making Bengaluru a Knowledge-Based Economy,” said Rao Munukutla, CEO, BACL.
“Peekay is driven by a purpose to create value for all its stakeholders, including customers, suppliers, employees, and the society at large. We are pleased to state that Peekay is moving ahead with its purpose and vision with this current investment with Bengaluru Airport City Limited. The company’s strategy has continually been enhancing productivity and aligning with external factors such as the environment, climate change, and renewable energy. Peekay is investing in a standalone technology centre at Airport City to diversify its business into new areas like aerospace, healthcare, renewable energy and transform itself as a tech-driven manufacturing company globally. We would be incorporating metal printing in addition to sand and ceramic in future expansion” said K.E. Shanavaz, Joint Managing Director, PeeKay Steel Castings (P) Limited.