Tamil Nadu Industrial Investment Corporation (TIIC) Joins Forces with Sedaxis Advanced Materials and VIT, Chennai to Accelerate Awareness and Adoption of Additive Manufacturing amongst TN State MSMEs

TIIC, VIT and Sedaxis together following the MoU Sing-off

TIIC, VIT and Sedaxis together following the MoU Sing-off

I3DPN Core Team

Share on facebook
Share on linkedin
Share on twitter

Following the inauguration of the VIT-SEDAXIS CoE for Additive Manufacturing in July of this year, a landmark agreement was signed on Tuesday, Nov. 22nd between Tamil Nadu Industrial Investment Corporation (TIIC), Sedaxis Advanced Materials Pvt. Ltd. and VIT, Chennai to collaborate extensively to promote Additive Manufacturing awareness and adoption amongst the thousands of MSMEs in the State of Tamil Nadu.

More from the News 

This agreement is in line with India’s National Strategy for Additive Manufacturing that calls for a greater collaboration between Govt. institutions, Academia and Industry to promote AM at the grassroots level. TIIC is Tamil Nadu’s first state level development financial institution primarily working for MSMEs to help catalyze industrial development by providing financial assistance for setting up of new industrial units and/or modernization of existing industrial infrastructure.

Opening Remarks by Mr. Vishwanath Godavarty, Business Head, Sedaxis Advanced Materials

The Chairman and Managing Director of TIIC, Mr. Hans Raj Verma, IAS was the Chief Guest at the signing ceremony held at the VIT, Chennai campus. The event was also attended by representatives from VIT, Chennai led by Chancellor Shri. G Viswanathan and from Sedaxis Advanced Materials led by their Business Head, Mr. Vishwanath Godavarty.

Audience at the Tri-Party MoU Sign-off Event

Speaking at the event, Mr. Verma remarked that MSMEs form the backbone of TamilNadu’s economy and they must explore and adopt advanced manufacturing technologies like Additive Manufacturing to become more Industry 4.0 ready. This, he said, is a key step to help fulfil the Honorable CM’s vision to make TamilNadu as US$ 1 trillion economy by the year 2030. Mr. Verma added that this was a historic occasion as there is no precedence to such a tri-party agreement between the Government, a leading Academic Institution and an Industry Thought Leader in AM.

Mr. Godavarty, Business Head at Sedaxis expressed his gratitude to TIIC for coming on board as the third pillar in the already existing VIT-SEDAXIS partnership, to promote Industry 4.0 and Additive Manufacturing among MSMEs in Tamil Nadu. This, he mentioned, was exactly in line with Sedaxis’s vision to democratize 3D Printing across the under-served SME sector in India. Mr. Godavarty was delighted at the opportunity to support the AM adoption journey of MSMEs in Tamil Nadu via:

  • trainings to be conducted jointly with VIT,
  • value-added services within the VIT-SEDAXIS CoE for AM, and
  • infrastructure upgradation opportunities with support from TIIC

Dr. G Viswanathan, Chancellor of VIT spoke about the significance of such a partnership in promoting Industry 4.0 initiatives amongst the SMEs in the State of TamilNadu. He also expressed happiness at getting TIIC’s support for V-NEST, VIT’s own start-up incubation services centre, to help promote the start-up culture amongst VIT students and faculty besides external entrepreneurs as well.

MoU Sign-off

The event ended with the tri-party MoU sign-off followed by felicitation of the dignitaries present by Dr. G Viswanathan and a rendering of India’s National Anthem.

Subscribe to AM Chronicle Newsletter to stay connected:  https://bit.ly/3fBZ1mP 

Follow us on LinkedIn: https://bit.ly/3IjhrFq 

Visit for more interesting content on additive manufacturing: https://www.amchronicle.com

Company Press Release

  • Tags

You May Also Like

Related Content

About the Author

Author Profile

I3DPN Core Team