HomeBusinessCanon Sets A Growth Target of Rs. 3500 Crore for India Operations

Canon Sets A Growth Target of Rs. 3500 Crore for India Operations

Canon India has announced Vision 2020 which sets a growth target of Rs. 3500 crore for its India operationl across all products to be achieved by consistently attaining a year on year double digit growth. Canon India has closed 2016 with revenues of Rs. 2348.6 crores with a landmark year on year growth of 9%. This was revealed by Ms. Noriko Gunji, President & CEO, Canon Singapore and Mr. Kazutada Kobayashi, President & CEO, Canon India while kick-starting the company’s year-long celebrations to commemorate the 20 years of its business operations in India. To celebrate its 20th anniversary, the company has also unveiled a new logo for the year.

Canon has launched several advanced products over the years in both B2B and B2C categories. 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.

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. The business Imaging Solutions vertical will be expanding its portfolio in 2017, aligned with the Government’s vision of ‘Smart Cities’.

Canon takes pride in not only bringing quality products to the market but also contribute to the community, under its CSR projects with the focus on ‘4E’ comprising of Eye Care, Education, Environment and Empowerment. The company has adopted 4 villages across the country under its flagship CSR programme – ‘Adopt a Village’ and have also partnered with SOS Children’s villages under their ‘Support a Life’ campaign. As part of this campaign, Canon employees have adopted 187 children to take responsibility of their wellbeing. To promote ‘skill development’ for a skilled India, Canon India has also introduced vocational and Skill development training in their adopted village.


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