BackCanon India eyes 25% growth in current year
Canon India eyes 25% growth in current year
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Mumbai: Leading digital imaging company Canon India is eyeing 25% annual growth in the current year, a top company official said here.
“Despite the slowdown, we are aiming to grow by 25% in the current year. We expect revenues to touch Rs840 crore in 2009 as compared to Rs665 crore last year," Canon India’s Senior Vice President, Alok Bharadwaj told PTI here.
Canon India Pvt Ltd, a 100% subsidiary of Canon Singapore Ptd Ltd has registered a growth of 31% in the year 2008.
“We are now focusing on consumer products which includes cameras and printers. Despite the slowdown in economy, we have seen buoyancy in consumer products," Bharadwaj said.
The company is confident of achieving 25% growth rate this year due to strong sales growth in Q1 2009.
Bharadwaj pointed out that although the B2B business is shrinking, Canon was able to maintain growth. Our camera business grew by 26% and printers by 40% in Q1 2009, he said.
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