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Effect of Tata Technologies on partnering with Stratasys in the Unlisted Share Market
Updated: Sep 4, 2021
Featuring blog by MANUFACTUR3D
Tata Technologies is a leading global engineering and product development digital services company and a subsidiary of Tata Motors, has announced a partnership with Stratasys, one of the world’s leading additive manufacturing companies also operating in India, corroborate the Indian manufacturing ecosystem with advanced 3D printing solutions.
Additionally, the partnership will combine complete capabilities and offerings of Stratasys’ in the polymer space in terms of products designed to yield functional prototypes in multi-colour, machines best suited for manufacturing tooling components, systems focused on mass production applications along with deep manufacturing domain knowledge and robust presence of Tata Technologies in the manufacturing sector to deliver end-to-end 3D printing solutions from concept to prototyping to manufacturing companies based out of India.
Tata Technologies Advancing 3D Printing Solutions
The manufacturing sector in India has been fraught with various challenges to meet the contemporary needs of end-users. These include higher precision, faster time-to-market, mass product customization and automation. Organizations have thus focused on leveraging new technologies such as rapid prototyping and 3D printing via computer-aided design software. For this, they use a range of raw materials such as plastic, thermoplastic, metal, fibre, resin and ceramic. This further helps them produce sophisticated designs at minimal costs and lower raw material usage.
“As manufacturing companies focus on enhancing their competitiveness in the new reality, disruptive technologies like additive manufacturing will provide them with the necessary impetus to develop and deliver better products to its customers. We are happy to collaborate with Stratasys and offer world-class 3D printing technologies to the Indian manufacturing industry to help it become more competitive.” – Anand Bhade, President & Global Head of Technology Solutions, Tata Technologies
Rajiv Bajaj, MD, Stratasys India and SEA commented on the partnership saying, “Companies look for tech solutions to address vulnerabilities in manufacturing and supply chain logistics. Thus, additive manufacturing will play a far bigger role in product innovation going forward.”
He added, “Our partnership with Tata Technologies further strengthens Stratasys’ commitment to driving additive manufacturing adoption in the Indian industry. We welcome Tata Technologies, one of the most trusted brands in India, to our ecosystem. We are confident that this partnership will accelerate technological transformation in Indian industry and academia with best-in-class Stratasys technology.”
Stratasys is one of the biggest 3D printing solutions company in the world providing various types of 3D printers, materials and software solutions. It was founded in 1989 with its headquarters in Israel. Stratasys owns multiple subsidiaries like GrabCAD, MakerBot, Solidscape, Solid Concepts, and others.