Japanese camera major Nikon Corporation expects India’s contribution
to global revenue to increase to 5 per cent in the next three years on
account of increasing demand in the country.
“Indian camera market is growing even during slowdown and we hope to continue this trend in our sales. We expect that India will contribute 5 per cent of our global revenue by March 2016,” said Tetsuya Morimoto, general manager (marketing, headquarters imaging company), Nikon Corporation.
Although the company is yet to announce its results for 2012-13, its wholly-owned subsidiary Nikon India is expected to register a sales revenue of `1,050 crore for the period. “For the fiscal 2012-13 India is likely to contribute 2% to the global sales turnover during last financial year,” Morimoto added.
The company will consider setting up an assembly line in India depending on the demand for its products in future. At present Nikon India imports all its products from its parent’s three plants in Japan, Thailand and China.
Talking about its India business, Nikon India’s managing director Hiroshi Takashina said, “During last fiscal the company has crossed the `1,000-crore milestone in sales turnover for the first time here. We will achieve a figure of `1,050 crore in our annual sales for last fiscal. It will be a growth of around 40 per cent from `750 crore in 2011-12.”
“Indian camera market is growing even during slowdown and we hope to continue this trend in our sales. We expect that India will contribute 5 per cent of our global revenue by March 2016,” said Tetsuya Morimoto, general manager (marketing, headquarters imaging company), Nikon Corporation.
Although the company is yet to announce its results for 2012-13, its wholly-owned subsidiary Nikon India is expected to register a sales revenue of `1,050 crore for the period. “For the fiscal 2012-13 India is likely to contribute 2% to the global sales turnover during last financial year,” Morimoto added.
The company will consider setting up an assembly line in India depending on the demand for its products in future. At present Nikon India imports all its products from its parent’s three plants in Japan, Thailand and China.
Talking about its India business, Nikon India’s managing director Hiroshi Takashina said, “During last fiscal the company has crossed the `1,000-crore milestone in sales turnover for the first time here. We will achieve a figure of `1,050 crore in our annual sales for last fiscal. It will be a growth of around 40 per cent from `750 crore in 2011-12.”
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