Lenskart plans to invest $5 million in next 3 years at Haryana facility

Online eyewear firm Lenskart plans to invest $5 million in the next 3 years at its manufacturing facility for spectacles frames.
The company recently started the facility near Gurugram in Haryana that has a manufacturing capacity of 100,000 frames a month with an investment of $1 million. It is looking at ramping it up to 300,000 frames in 3 years.
"We have set up with facility to be able to innovate on design and manufacture high quality spectacle frames at lower costs.

We will invest $5 million over the next three years and will be able to manufacture 300,000 frames a month" Lenskart founder and CEO Peyush Bansal told PTI.
Currently, this facility will only meet half of our total frames demand. Rest we will manage through contract manufacturing, he added.