Karnataka minister clarifies on ‘losing’ Lenskart deal to Telangana: State govt cannot and should not provide …
Lenskart opted for Telangana over Karnataka for its new manufacturing facility due to Telangana’s favorable policies and swift execution. Karnataka’s Industries Minister defended the state’s cautious approach to incentives, emphasizing fiscal responsibility. This decision followed Lenskart’s initial interest in a Bengaluru location, prompting concerns about Karnataka’s ability to attract major projects.