Firm is conducting feasilbility studies on setting up units in 40 countries, will take final call based on global fallout of trade spat.
Canon has been annually launching around 100 products in India. The year 2008 saw a 31 per cent growth rate, to touch a top line of Rs 665 crore (Rs 6.65 billion).
In a bid to increase its share of the digital imaging products market, Canon India would invest over Rs 10 crore (Rs 100 million) in marketing and channel development during 2004.
Canon India is in the process of providing its cheapest camera model with Wi-Fi.
Here's what India Inc expects from the Finance Minister.
Japanese digital imaging company Canon plans to expand its research and development base in India to serve global market besides, targeting a turnover of Rs 1,000 crore (Rs 10 billion) by 2009 in the country.Canon India, which has a software development centre in Noida with 40 staffers and about 150 people on contract basis, is now looking at taking bigger projects from its parent company and increasing headcount in the coming years.
Camera makers are getting bullish on Indian markets as the consumer base here is increasing. Major camera brands are banking on retail sales in India. For this, Nikon has tied up with consumer electronics retail chains such as Croma, while Sony India has exclusive retail store network. Samsung has tie-ups with Reliance Digital, Croma, and other multi brand outlets. But all the brands face stiff competition from grey markets that are canabalising the brands' share in retail.
The Rs 264 crore (Rs 2.64 billion) Canon India on Tuesday it will shift its consumer strategy from PC centric focus to 8.5 crore TV homes in India and launched TV compatible digital products.
Canon India Pvt Ltd on Thursday launched a new series of inkjet printers under 'Pixma' sub-brand, aiming to increase its market share in India to 30 per cent by 2007 from the existing 25 per cent.\n\n
At a crowded beachfront mass, Pope Francis canonised Sri Lanka's first saint on Wednesday.
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