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Zeiss Doubles Down in India With 5,000 Jobs, $355M Bengaluru Facility by 2027

The German firm’s Bengaluru center will focus on high-tech R&D and manufacturing.

Emma AscottbyEmma Ascott
November 11, 2024
in News
Reading Time: 2 mins read
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Zeiss Doubles Down in India With 5,000 Jobs, $355M Bengaluru Facility by 2027

A company logo of Zeiss is pictured at the Zeiss Innovation Hub in Eggenstein near Karlsruhe, Germany, April 23, 2021. REUTERS/Ralph Orlowski/File Photo

German optical technology firm Carl Zeiss AG on Monday opened its first global capability center (GCC) in India and said it plans to double its local workforce to 5,000 in the next three years.

The center, located in the southern city of Bengaluru, will host functions such as cloud computing, cybersecurity and network operations, and also develop software services for its medical technology subsidiary Carl Zeiss Meditec AG.

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India’s GCCs have in recent years evolved from low-cost outsourcing hubs to local offices of global companies supporting their parent organizations in multiple functions, including daily operations, finance, research and development.

Apart from technical employees, the workforce expansion will also include hiring for its fifth manufacturing facility in the country, built at a cost of 30 billion rupees ($355.67 million), which is also in Bengaluru and begins operations in 2025.

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“Bengaluru is a prime hub due to availability of skills, collaborations and also ecosystem that is very important to grow. The new plant (in Bengaluru) will also be the largest investment Zeiss Group has ever done outside of Germany,” said Dhaval Radia, the chief financial officer of the company’s India unit.

The company also has sales and research and development work in India. The India unit is expected to clock 22 billion rupees in revenue for the current year ending September 2025, up 19% year-on-year, Radia said.

The state of Karnataka, where Bengaluru is located, released a draft policy in September with an aim to double the number of GCCs it hosts to 1,000 and create 350,000 new jobs by 2029. 

The market size of Indian GCCs is likely to grow to $99 billion-$105 billion by fiscal year 2030 from $64.6 billion in 2024, according to a report by IT industry body Nasscom and consulting firm Zinnov. 

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($1 = 84.3490 Indian rupees)

(Reporting by Sai Ishwarbharath B)

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Source: Reuters
Tags: Asia-PacificBusinessLeadershipWorkforce
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Emma Ascott

Emma Ascott

Emma Ascott is a contributing writer for Allwork.Space based in Phoenix, Arizona. She graduated from Walter Cronkite at Arizona State University with a bachelor’s degree in journalism and mass communication in 2021. Emma has written about a multitude of topics, such as the future of work, politics, social justice, money, tech, government meetings, breaking news and healthcare.

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