Canon fast buildup in the graphic arts is part of its overall India success

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At a press meeting at its impressive digital production showroom and demonstration centre, Alok Bhardwaj Canon India’s senior vice-president along with his senior team members outlined the company’s understanding of the graphics arts markets and its strategy going forward. Bhardwaj shared Canon’s results in past years and the ten months of this year. Canon India achieved a compound average growth rate of 18 per cent in its first ten years in the country till 2006. In 2007, which coincided with its strong presence in the graphic arts colour digital production press market, it saw a growth of 38 per cent. On the basis of the first ten months of 2008, Bhardwaj says that Canon India will likely achieve or may even exceed a growth of 35 per cent. This will translate in Canon India’s turnover increasing to Rs. 750 crore (approximately US$ 150 to 160 million depending on the exchange rate). ...cont´d

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