Lenskart to Invest INR 1,500 Cr in Telangana Manufacturing Plant
Lenskart signs MoU committing INR 1,500 Cr to build a new manufacturing unit in Telangana. The company signed a Memorandum of Understanding (MoU) with the state government. The facility will be located in Fab City, Hyderabad. The land transfer is expected to be completed this week, according to Telangana Industries Minister K.T. Rama Rao.
Production to Cater to Global and Domestic Markets
The plant will produce eyewear, lenses, sunglasses, and other accessories. These products will serve the Indian market, Southeast Asia, and the Middle East. The facility aims to strengthen Lenskart’s manufacturing capacity and expand its global reach.
Over 2,100 Jobs to Be Created
The new unit will generate approximately 2,100 jobs. The initiative will support Telangana’s economic development and provide new opportunities for the local workforce. The company is also considering setting up a research and development (R&D) center at the same location.
Telangana’s Business-Friendly Policies Attract Investment
Telangana Industries Minister K.T. Rama Rao welcomed Lenskart’s investment. He praised the state’s infrastructure and industry-friendly environment. “This project will boost employment and showcase Telangana as a hub for industrial growth,” he said.
Focus on Innovation and Growth
The new facility will leverage cutting-edge technology to enhance production efficiency. Lenskart plans to deliver high-quality, affordable eyewear through this advanced manufacturing unit. The potential R&D center will focus on innovation and product development.
Lenskart’s Global Expansion Strategy
This investment aligns with Lenskart’s goal to expand its global footprint. The company has been scaling its operations to meet growing demand. The Telangana facility will play a key role in supporting its vision of becoming a global eyewear leader.
A Boost for Telangana’s Industrial Ecosystem
The project highlights Telangana’s growing reputation as a destination for large-scale investments. It showcases the state’s ability to attract industry leaders with its policies and infrastructure.
Lenskart’s new manufacturing plant represents a significant step forward for both the company and Telangana. By combining innovation, employment, and global outreach, this project sets the stage for shared success. Get the latest updates for FounderLabs.
