Lenskart is looking to invest $50 Mn in setting up its second manufacturing plant in India. The location of the plant has not been disclosed yet, but it is said to be the company’s biggest manufacturing unit.
Lenskart is currently sourcing its material from a plant in China and a factory in Gurugram. The company has already signed up for the new facility and it is expected to be launched within the next six months. According to the Economic Times report, the plant will be spread across 4-5 Lakh sq ft, which is nearly five times the size of the Gurugram-based facility.
"We are ramping up our manufacturing in India aggressively. We have adopted a lot of local partners, who are serving us now. Based on what has been happening in the past, we have definitely ordered a lot of equipment and are in the process of ramping up our manufacturing capabilities for frames,” Lenskart founder and CEO Peyush Bansal told