Indian eyewear giant Lenskart is set to spend AU$277 million building what is claimed to be the world’s largest eyewear manufacturing facility in Telangana’s Fab City.
The Gurugram-based company has signed a memorandum of understanding (MoU) with the Telangana government for the project, says state IT and Industries Minister Mr Duddilla Sridhar Babu.
“This state-of-the-art facility will produce eyewear, lenses, sunglasses, accessories, and other products to cater to both domestic and international markets, including Southeast Asia and the Middle East,” Babu said.
The project is expected to generate around 2,100 jobs, with discussions under way for an additional R&D centre.
Led by CEO Mr Peyush Bansal, Lenskart has disrupted the eyewear industry with its innovative click-and-mortar model. The company operates over 2500 stores globally, including 2,000 in India, while competing with brands like Titan Eyeplus and Luxottica.
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