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Lens manufacturer to invest 250 million euros in India

Manufacturing  -  Jul 05,2023  - 

Lens manufacturer Carl Zeiss India will invest more than 250 million euros in the nation to construct its largest "vision" facility in the world at Bengaluru. The facility's land was purchased two years ago, and work will begin on it next month.

By October 2024, the construction is anticipated to be finished.

Miguel Gonzalez Diaz, managing director of the Zeiss group, was quoted in the report as saying that once the facility is operational, the company will be able to manufacture 260,000 lenses every day. It will be six times its current production in the country.

The production will be ramped up between the end of 2024 and 2026. The unit will also produce metrology solutions.

The report added that the company is looking to hire more staff in both production and the research and development wings.

Currently, the group spends 15 per cent of its current sales on R&D. In India, it currently employs 1,400 people. This is expected to go up to 2,000.

 

Company : Carl Zeiss India