Peyush Bansal, co-founder of India-based eyewear chain Lenskart, has announced plans to establish the company’s next mega factory in Bengaluru. In a recent LinkedIn post, Bansal revealed that Lenskart is seeking 25 acres of land within a 60-kilometer radius of Kempegowda Bengaluru International Airport for the project. He urged companies with factory land near the airport to reach out to Lenskart via email at megafactory@lenskart.in.
Following Bansal’s request, Karnataka Industries Minister MB Patil extended a warm welcome to the initiative, affirming the state’s support and commitment to facilitating the company’s needs. Patil assured that concerned officials would promptly engage with Lenskart to discuss the project details and requirements.
The choice of location for the mega factory underscores the strategic importance of Devanahalli, situated near Bengaluru’s international airport, as a burgeoning investment hub in Karnataka. Notably, major players like Foxconn have already announced significant investments in the area. Last year, Foxconn disclosed plans to inject an additional $1.67 billion (approximately ₹14,000 crore) into Karnataka for setting up a manufacturing facility in Devanahalli.
Foxconn’s decision to invest further in the region is part of its broader expansion strategy, leveraging the conducive business environment and infrastructure in Devanahalli. The multinational corporation had previously acquired 300 acres of land in the area for its investments. Additionally, the Karnataka government had announced in August last year that Foxconn intended to invest $600 million in establishing two component factories within the state.
Lenskart’s endeavor to establish a mega factory in Bengaluru aligns with the state’s growing reputation as a preferred destination for industrial and manufacturing ventures. The collaboration between Lenskart and Karnataka’s industries sector is poised to foster economic growth and generate employment opportunities, further solidifying the state’s position as a thriving investment destination in India.
