The digital imaging company Canon India has consolidated its foothold in
Kerala in the digital SLR camera segment registering 40 per cent
growth.
This is the highest growth rate in the country, followed by Andhra
Pradesh with 26 per cent and Tamil Nadu, Alok Bharadwaj, Executive
Vice-President, Canon India, said.
Kerala has emerged as the foremost contributor with 85 per cent of the
total camera business for Canon in the State, he said, adding that the
company has garnered a sales revenue of Rs 50 crore last year and aims
to double it this year.
Bharadwaj was here in connection with unveiling Onam offers for the Kerala market.
Massive growth
He pointed out that the digitisation in photography has witnessed
massive growth in digital cameras and so has the industry in the recent
past. With expanding photography horizon, the industry has moved ahead
in innovating and introducing new technologies that cater to
photographers across categories, he said.
The Rs 2,000-crore digital SLR market in India has the potential to
grow. However the market in 2013 is estimated at 2.5 million units and
it needs to be doubled by 2015. The global market size is 20 million
units, he added.
Owing to massive digitisation in photography, he said, Canon plans to
reach 50 per cent growth mark by 2013 end. With a Rs 500 crore business
revenue achieved last year nationally, the company is aiming Rs 550
crore this year, he said.
To a question, he said the rupee devaluation has made an impact on the
company’s import cost which has gone up close to 15 per cent in the last
two months. The company increased the prices of other products such as
printers and copiers, but not cameras.
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