Zeiss: Eyeglass lens maker will invest 2500 crores in India, 5000 people will get jobs.

Global optical lens company Zeiss Group will invest around Rs 2,500 crore on a new plant in Karnataka, India. Carl Zeiss India, the group’s unit in the country, expects to employ around 5,000 people when the new plant is fully operational. The company, which has completed 25 years of operations in India, has set a target of achieving a turnover of Rs 5000 crore by 2027.

“One of the big things that is coming to the Indian market is the new factory that we have approved, it is in partnership with Invest in Karnataka. Shreyas Kumar, director and CFO, Carl Zeiss India, told PTI in an interview, “We have bought 34 acres of land near the (Bengaluru) airport and nine more acres are expected to be acquired.”
He said the plant would initially employ around 800 people and it would increase to 5,000 once it reaches full capacity. “This will be Zeiss’s largest eyeglass lens manufacturing plant, but probably one of the largest in the world,” Kumar said. The construction work on the plant is expected to begin by the middle of this month and we will be ready by October 2024, he added. At least we can start manufacturing on parallel lines.