Canon India, a 100 per cent subsidiary of Canon Singapore, has announced that it will invest around USD 10 million in the country for financing consumers and dealers.
Kensaku Konishi, president and CEO, Canon India, said, “We will invest USD 5-10 million this year for consumer and dealer financing. This will be funded through the parent firm Canon Singapore.”
“Last year, we grew 31 per cent compared to 2007. Though it seems difficult to redo the same in 2009, we will do at least 25 per cent,” added Konishi.
Meanwhile company expects revenue of Rs 9 billion in this year and plans to introduce around 100 products in the country.
— IndiaRetailing Bureau