German medical technology and lenses company Carl Zeiss Group plans to invest around INR 2,500 Crore in a new lens plant in Bengaluru, Karnataka. The company is expanding to augment its spectacle glasses manufacturing capacity. Carl Zeiss aims to achieve an estimated turnover of INR 5,000 crore by 2027.
The company has secured 34 Acres of land near the Bengaluru airport, with plans to expand their holdings by acquiring an additional 9 Acres. Construction is scheduled to commence by mid-month, paving the way for parallel manufacturing to begin by October 2024. This significant investment will generate around 800 jobs initially, with the potential to create a workforce of 5,000 at full capacity.
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Carl Zeiss plans to expand its production capacity for spectacle blanks and prescription lenses. Daily output of spectacle blanks is set to surge from 30,000 to 200,000, while prescription lens production will jump from 10,000 to 60,000 units. Besides optical lenses, the new plant will accommodate Zeiss’ other businesses like medical technology and research microscopy. However, the company will decide later whether to manufacture these products.
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