Eyewear manufacturing company Lenskart is going to build the world's largest eyewear manufacturing factory. For this factory built in Telangana, the company has invested Rs. 1,500 crore is being invested. The Lenskart plant will create approximately 2100 jobs.
Lenskart co-founder Amit Chaudhary said today (December 8) that the factory will manufacture eyewear, lenses, sunglasses as well as accessories and other products. From this manufacturing facility, Lenskart will also export products to South-East Asia and the Middle East.
The company said- We are impressed with the development of Telangana
On December 8, the Revanth Reddy-led government signed the Memorandum of Understanding (MOU) with the company on completion of one year. In the program, Amit Choudhary said that the company is exploring possibilities for this in many states, but he was impressed by the development of Telangana and has made this deal with the government.
Lenskart was created in 2010
In 2010, Lenskart founder Piyush Bansal along with his friend Amit Chaudhary from Kolkata came up with a plan to create a company that could change the habit of not wearing glasses in India. He found another co-founder Sumeet Kapahi on LinkedIn. Sumeet quit his job in an eyewear company a few months ago.
Together, the trio formed Value Technologies in 2010, a separate e-commerce website. It had Lenskart, Jewelkart, Bagkart and Watchkart websites. After a while, seeing the potential in the eyewear market, the trio began to focus solely on Lenscart.
Automatic manufacturing unit
The company started the world's first automatic manufacturing unit in Bhiwadi, Rajasthan. Currently, the company has manufacturing units in Delhi, Gurugram and Zhengzhou, China. The company is going to set up a new plant in Bengaluru at a cost of 1600 crores. Production will begin in the next 18 months.
Lenskart company founders, from left, Amit Chaudhary, Piyush Bansal and Sumit Kapahi.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
