Rapid urbanization demands more efficient construction methods:
- With a population growing at a rate of 2.1% per year on average and the low purchasing power of a significant portion of our population, India needs to build 14 million new homes for the lower income population.
Labor shortage in the construction industry:
- India’s construction industry relies heavily upon migrant workers, but the gap between what workers will work for and the pay industry will offer is widening with inflation and the lack of social support in major cities.
It is important to note the type of machinery being used by these two companies for 3D printing. Tvasta uses a robotic arm equipped with an extruder for printing concrete and L&T uses a gantry system, which is a big framework inside which the structure can be printed. The problem with these systems is that scalability is very hard. The reach and size constraints of the equipment deter scalability.
The product/service we offer is a solution to this problem:
The market we are targeting is the affordable housing sector in the state of Karnataka, in India.
