Canon India Expecting Printing Business to Fuel Double-Digit Growth in 2018

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The Hindustan Times reports that Canon India is expecting double-digit revenue growth in 2018 “on the back of strong performance across its imaging and printing businesses.”

India is currently the world’s sixth-largest economy. By 2030, it’s forecast to become the world’s third-largest economy, surpassing Japan, Germany, Britain, and France, according to a U.S. government agency.

Canon India President and CEO Kazutada Kobayashi commented: “(The) year 2017 was a good year for us. Compared to 2016 that saw single-digit growth, we saw a double-digit growth in 2017. We are confident of continuing the double-digit growth in 2018 as well.”

In 2016, Canon India reported revenues of about Rs 2,450 crore.

Kobayashi said Canon India is “bringing in products with a ‘local fit’ and expanding coverage that’s helped drive business expansion in the Indian market. “Both our imaging and printing businesses are doing well in India,” he said.

This week, Canon India launched its PIXMA G series of six refillable ink-tank color inkjet printers and All-in-Ones, between Rs 8,195 and Rs 17,425.

“With its improved features, providing high productivity at an effective cost, the new G series is a perfect solution for the student, home, and small office set ups to explore their creative selves,” he said.

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