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Optical lenses manufacturer Zeiss Group, will spend roughly Rs 2,500 crore in India on a new facility in Karnataka, primarily to boost its capacity to produce eyeglasses.
When the new plant is completely operating, Carl Zeiss India, the company's branch in the nation, anticipates hiring about 5,000 workers.
The company, which has completed 25 years of operations in India, is targeting to achieve a turnover of Rs 5,000 crore by 2027.
"One of the big things that is coming to the Indian market is the new factory that we have got approved, this is in partnership with Invest in Karnataka.We have procured 34 acres of land close to the (Bengaluru) airport and are in line to get another nine acres hopefully, with an investment of close to Rs 2,500 crore coming into this," Carl Zeiss India Director and CFO Shreyas Kumar.
The plant will employ close to about 800 people initially and will go up to 5,000 people when it reaches full capacity, he added.
Company : Zeiss GroupCarl Zeiss India
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