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Hyderabad: Eye-catching major Lenscart It is investing Rs 1,500 crore in setting up what is said to be the world’s largest. Preparation of glasses Factory in Telangana
The Lenskart cofounder said the facility will export eyeglasses, contact lenses, sunglasses as well as accessories and other products to cater to India as well as other markets in Southeast Asia and the Middle East. Amit Chaudhary said here on Sunday.
Speaking after signing a memorandum of understanding with the Telangana government at a function to mark one year of the Ravinath Reddy-led government on Sunday, Chowdhury said the company had evaluated several states before delisting Telangana. Lia because he was impressed with the speed and ease of Telangana. Doing business
The MoU was signed in the presence of Telangana Industries and IT Minister Dudela Sridhar Babu.
Vishnuvardhan Reddy, VC and MD of TGIIC, said that the facility will come up in Fab City where the land has already been identified and will be handed over to the company this week.
The company may also set up an R&D facility in the state later, he said.
The plant will create around 2,100 jobs and is part of four MoUs worth around Rs 7,600 crore signed on Sunday with the potential to create around 5,200 new jobs.
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