Zeiss Group, a leading global optical lens manufacturer, plans to invest approximately INR 2,500 Crore in India to establish a new plant in Karnataka. The primary objective of this investment is to enhance the manufacturing capacity for spectacle glasses.
The Indian arm of Zeiss Group, Carl Zeiss India, anticipates employing around 5,000 individuals once the new plant reaches full operational capacity. With 25 years of operations in India already completed, the company aims to achieve a turnover of INR 5,000 Crore by 2027.
The company has acquired 34 acres of land in close proximity to the Bengaluru airport and is in the process of acquiring an additional nine acres. Construction work on the plant is scheduled to commence in mid-July 2023, and the company expects to commence manufacturing on parallel lines by October 2024.
Biltrax Construction Data is tracking 25,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights and gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.
0
