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Paris-based eye care major Essilor Group eyes 25% growth in India in 2013

NEW DELHI: Paris-based eye care majorEssilor today said it is looking at 25 per cent growth in business in India for 2013 and will add nearly 300 employees to its existing workforce of 5,000. 

"We have been achieving a double-digit growth in India. We expect to achieve 25 per cent growth in India in 2013," 
Essilor International Chief Executive Officer Hubert Sagnieres told PTI here today. 

India is one of the top ten markets for the company, though it has presence in more then 100 countries globally, he added. 

On being asked if the company is planning any expansion in India to achieve the growth targets, Sagnieres said: "We will open 5 to 6 small plants in India this year and also add around 300 employees to our current strength of 5,000." 

The company currently manufactures semi-finished lenses at its Bangalore plant and has around 65 smaller plants (prescription laboratories), he added. 

Commenting on the impact of poor vision on the 
economy of a country, Essilor International Chief Corporate Mission Officer Jayanth Bhuvaraghan said: "Since compromised vision limits the efficiency of an individual, it translates into the aggregated loss to the economy of the entire nation which runs into billions of dollars." 

Quoting a 
World Health Organisation (WHO) study, he said it has revealed estimated loss of USD 269 billion in the productivity globally due to poor vision in the workforce. 

The company has launched 'Vision Impact Institute' based in 
Paris to raise awareness about socio-economic impact of poor vision. 

Essilor also exports its products to Europe from India. The company is present in India through its wholly owned subsidiary 
Essilor India.