EssilorLuxottica is actively exploring the possibility to ramp up its manufacturing presence in India, especially for the production of basic lens castings.
EssilorLuxottica, a leading global provider of ophthalmic lenses, frames, and sunglasses, recently introduced Stellest, a myopia control lens designed for kids. To provide more affordable solutions, the company is collaborating with CooperVision, with plans to launch a second myopia control lens in the second half of the next year.
In terms of business growth in India, the company plans to strenghthen its focus on product, geography, and channel. Presently, the company handles the coating of RX lenses, commonly known as prescription sunglasses. The luxury eyewear-maker operates various brands in the country, including Crizal, Eyezen, Stellest, Ray-Ban, Oakley, Kodak Lens, Nikon, Armani Exchange, Vogue Eyewear, Burberry, Chanel, Coach, and Miu Miu, among others.
The company's manufacturing operations in India is two-fold. One, a frame manufacturing facility in Rajasthan, Bhiwadi, which produces Ray-Ban and many more, catering to the domestic market, primarily for the Indian military, and others. Second, it has over 85 labs in the country for the purpose of coating the lenses and produces close to a million lenses annually.