New Delhi: Japanese digital imaging major Canon, which launched three high speed “Ink Tank” printers in the G-series in India on Wednesday, is doing research and feasibility studies to explore the possibility of manufacturing its products in India, a top company executive said.
“Right now all our products are manufactured outside India. But we are doing research and feasibility studies to see if it is practical to manufacture in India,” Kazutada Kobayashi, President & CEO, Canon India, told IANS.
Terming India a very important market, Kobayashi said that Canon is eyeing over 10 per cent revenue growth from the India market this year.
“In 2018, we earned a revenue of Rs 2,811 crore. This year our target is to grow at over 10 per cent,” he said.
“We do not have a concrete plan to manufacture in India yet, but if we want everything is possible,” Kobayashi said.
While the printer business is declining in the country in line with the drop in the personal computer market, India has witnessed growth in the inkjet category – printers which are generally preferred in homes and small businesses.
Within the inkjet category, the Ink Tank printers have done well in the market.
“India has witnessed a rapid growth in the inkjet business for Canon and has been one of our top priority markets for expansion,” said Tamaki Hashimoto, Group Executive of Consumer Inkjet Group & Executive Officer of Canon Inc.
“Our Ink Tank business in India has an excellent blend of home and office customers, which gives us the opportunity to have a balanced focus between B2C (business to customers) and B2B (business to business) segments,” Hashimoto said.
Canon India said that while it aims to achieve a 25 per cent share in the India Ink Tank business, in the overall inkjet category, its target is to achieve 12 per cent market share in 2019.
“We are putting equal emphasis on the B2B (including business to government) and the B2C spheres to expand our India business,” Kobayashi said.
“Canon has always been trying to become unique in the market. We want to offer best advantage of our technology to the customers. One good example is our unique printer head called Fine. This epoch-making technology makes our products different from others. (IANS)
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