Indian Retailer

Canon India on Thursday said it would invest Rs. 100 crore towards enhancing its rental business and sales infrastructure to support its business-to-business (B2B) initiatives. The company also launched eight models of business imaging products.

"The strategy is to combat the current economic downturn as well as create a growth driver for its business imaging solutions division," Canon India President and CEO Kensaku Konishi said addressing a press conference here.

Mr. Konishi said the company had developed that competitive leasing plan to assist the corporates across categories to adopt the latest technologies in document management without having to invest upfront.

Stating that Canon India aims a 25 per cent growth rate in sales to clock a turnover of Rs. 1,000 crore by next year, Mr. Konishi said the business imaging division was expected to contribute 10 per cent of total sales in the next two-three years.

According to Canon India Senior Vice-President Alok Bharadwaj, "The rental proposition is a strong and compelling anchor as it offers scalability in line with growing demands. We believe that the document printing cost should be managed using specialised solutions than to cut down on deployments. The need for business machines is actually a growth-driver for the Indian companies."

Among the new products introduced include its flagship model image1135 priced at Rs. 44 lakh.

With the new product launches, the company will now have 180 products in its portfolio, of which 80 are in the business imaging segment.

The Hindu