Canon India target Rs. 3500 crore by 2020

Canon India target Rs. 3500 crore by 2020

As Canon India marks its 20th anniversary the imaging solutions provider reaffirmed its commitment to India with the announcement of its ‘Vision 2020’ and has set a growth target of INR 3500 crore for Canon India.

In addition, the Company aims to focus on its retail footprint and on growth across all businesses to achieve a double digit growth each year.

The company in the next three years, aims to penetrate further in the country with its offerings, augment the photography culture in India and introduce technological advancements across business and consumer products. The company kick-starts its year-long celebrations to commemorate the 20 years with its business partners, vendors, consumers and employees.

Visiting India to commence the celebrations, Noriko Gunji, President & CEO, Canon Singapore (Regional headquarters of South and Southeast Asia), said “India is a key market in Canon’s global development and having successfully completed two decades in the country, we would like to thank all our partners, consumers and vendors for their support. Together with every team member and business partner, we will scale this height to achieve our goal of continuous growth in Asia. We are in prime position to ride on this wave of growth. I’m confident that India, as a market, will be a vital contributor to this future success.”

Expressing his delight on the company’s 20 years of remarkable presence in India, Kazutada Kobayashi, President & CEO, Canon India said, “2016 marks yet another successful year for our journey in India, as we register a growth of 9%, with our revenue aggregating to INR 2348.6 cr. As we celebrate success today, we are gearing up for the next big leap towards our ‘Vision 2020’, capable of achieving new growth.”

Progressing forward, the company is bullish on promoting the culture of the photography by penetrating deeper into the country. Presently, operating 214 CIS (Canon Image Square) stores across 103 cities in the country, the brand envisions to double the count of its CIS stores by the end of 2020. Through its initiatives like Canon Photomarathon, EOS Nation Seminars and Photography Workshops, the brand would continue to engage and educate customers.

For the inkjet division, the prime focus would be to build greater shelf share in the top resellers and concentrate on expansion to new vertical markets with SOHO & Pro Products. The Laser segment would strengthen its outreach towards the enterprise and government sector, along with progression towards value products with focus on customer lifetime management.

Streamlining office processes and maximizing business efficiency, the Business Imaging Solutions vertical will be expanding its portfolio in 2017, aligned with the Government’s vision of ‘Smart Cities’. Taking its products and strategies to smaller towns, the Professional Printing domain (PPP) is strengthening its channel partner’s outreach to double its presence, across the country.

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