German Lens Producer Carl Zeiss Invests INR 2,500 Crore in Indian Facility
Bengaluru will be home to one of Carl Zeiss's largest lens manufacturers, as the German medical technology and optics business prepares to invest $10 billion in the city.
With an investment of INR 2,500 crore, the new plant will produce five times as much as the company's current facility, which is also located in Bangalore but in a separate part of the city. Miguel G. Diaz, MD of the India business, told the media that the company is not only doing this, but it is also increasing its research and development efforts in India. This is because the company leverages India to work on solutions that are implemented globally.
Investing in India is a smart move because the country is a great place to do business. Further, the economy is expanding rapidly.
Strengthening the Manpower by Hiring Around 800 New Employees
In preparation for the opening of its new facility at the end of 2024, Carl Zeiss India intends to recruit an extra 800 workers. Carl Zeiss first set up shop in India in 2012, after breaking into the country's market in 1998. The planned facility is going to integrate three existing facilities in Bengaluru, while the corporation currently operates four units in India. Europe, Asia, the MENA, and the Middle East are some of the locations that receive more than 60% of the company's manufactured goods.
Revenue Carl Zeiss Generating From Its Indian Units
The company’s total sales in India was INR 1,500 crore last year, and it employs 1,400 people across all of its activities. The company claims that all of its businesses are experiencing include, making it a market for everything.
The German manufacturer has five divisions in India. One of them is medical technology, which brings in INR 800-900 crore annually. The other two divisions are industrial quality solution (IQS), which makes metrological and dual-use equipment, research microscopy (RMS), vision care (VIS), and consumer products (COP), which include cinema and photography lenses, binoculars, and sports optics.
About Carl Zeiss
Carl Zeiss, an optician, started the company in 1846. Since then, it has evolved into a world leader in producing optical instruments and lenses with the highest levels of perfection. Medical technologies, semiconductor manufacturing, photography, and many more fields make use of Zeiss's cutting-edge products. Zeiss claims that it has a long history of innovation in optics, and the company is just as well-known for its contributions to image technology, where it has established benchmarks for accuracy and reliability. The corporation will always be at the forefront of technical innovation because of its dedication to R&D.
Sarika Anand
Must have tools for startups - Recommended by StartupTalky
- Convert Visitors into Leads- SeizeLead
- Manage your business smoothly- Google Workspace
- International Money transfer- XE Money Transfer
