Canon India zooms in on digicams to boost growth

Canon India zooms in on digicams to boost growth "'Canon India plans to expand its digital camera (digicam) business to account for 25 per cent of the target turnover of Rs 700 crore by 2007. “The market for digicams is expected to grow by 100 per cent in the next five years,” director and GM, consumer imaging and information division, Alok Bharadwaj said. “Digicams contributed a revenue of Rs 11 crore this year compared with Rs 2.3 crore last year. Next year, we expect digicams to contribute Rs 40 crore of the target turnover of Rs 330 crore.” This year, 100,000 digicams were sold through the legal route in India. Of Canon’s $30-billion global revenues, digicams contribute around $6 billion.'"