Canon celebrates 20 glorious years in India; rolls out vision 2020 targeting Rs. 3,500 Cr

Canon is embarking on 20 years celebration by recognizing support of partners, consumers, vendors and employees

Canon, the world imaging leader, marked its 20 th anniversary in India with a steadfast plan for the country across its enterprise, commercial, consumer and social initiatives.

Canon celebrates 20 glorious years in India

The company, celebrating two glorious decades in the country, reaffirmed its commitment to India with the announcement of its 'Vision 2020', by Ms. Noriko Gunji, President & CEO, Canon Singapore and Mr. Kazutada Kobayashi, President & CEO, Canon India.

Canon India's Vision 2020 charts its next phase of growth in India. The company in the next three years, aims to penetrate further in the country with its offerings, augment the photography culture in India and introduce technological advancements across business and consumer products.

Vision 2020 sets a growth target of INR 3500 crore for Canon India, to be achieved by consistently attaining a year on year double digit growth. The company kick-starts its year-long celebrations to commemorate the 20 years with its business partners, vendors, consumers and employees.

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Visiting India to commence the celebrations, Ms. Noriko Gunji, President & CEO, Canon Singapore (Regional headquarters of South and Southeast Asia) said "At Canon, we are embracing the challenge of new growth through a grand strategic transformation.

India is a key market in Canon's global development and having successfully completed two decades in the country, we would like to thank all our partners, consumers and vendors for their support.

Together with every team member and business partner, we will scale this height to achieve our goal of continuous growth in Asia. We are in prime position to ride on this wave of growth. I'm confident that India, as a market, will be a vital contributor to this future success."

Expressing his delight on the company's 20 years of remarkable presence in India, Mr. Kazutada Kobayashi, President & CEO, Canon India said, "It is a privilege and a proud moment for us to complete 20 year of delighting our customers in the country. Over the years, Canon has grown steadily to make its presence felt across the nation.

With everlasting commitment of our employees and partners, the company has attained a strong leadership positioning in the Indian imaging industry. 2016 marks yet another successful year for our journey in India, as we register a growth of 9%, with our revenue aggregating to INR 2348.6 cr."

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"As we celebrate success today, we are gearing up for the next big leap towards our 'Vision 2020', capable of achieving new growth. In the coming years, we will focus on our retail footprint and ongrowth across all businesses to achieve a double digit growth each year. By 2020 we envision to reach revenues of INR 3500 cr," added Mr. Kobayashi.

Driving innovation in every aspect of its business, Canon has launched several advanced products over the years in both B2B and B2C categories. Progressing forward, the company is bullish on promoting the culture of the photography by penetrating deeper into the country.

Presently, operating 214 CIS (Canon Image Square) stores across 103 cities in the country, the brand envisions to double the count of its CIS stores by the end of 2020. Through its initiatives like Canon Photomarathon, EOS Nation Seminars and Photography Workshops, the brand would continue to engage and educate customers.

Canon India's success over the years has been a joint effort by the employees, partners and customers at large. The imaging leader marked its 20 th anniversary by unveiling a new logo for the year. By running a digital campaign across the country, the customers were provided with the opportunity to participate in this historic celebration.

With the aim to set higher targets for itself, Canon India is heading towards a roadmap to create deeper in-roads in the country, supporting the enterprise and customers alike to make digital imaging innovative and expedient.

Partners and vendors were also felicitated for supporting the brand in its constant endeavour of customer delight. Calling it just the beginning, the imaging brand would
continue to rejoice the momentous occasion throughout the year.

And it is not all business - Canon takes pride in not only bringing quality products to the market; but also contribute to the community, under its CSR projects with the focus on '4E' comprising of Eye Care, Education, Environment and Empowerment.

The company has adopted 4 villages across the country under its flagship CSR programme - 'Adopt a Village' and have also partnered with SOS Children's villages under their 'Support a Life' campaign. As part of this campaign, Canon employees have adopted 187 children to take responsibility of their wellbeing. To promote 'skill development' for a skilled India, Canon India has also introduced vocational and Skill development training in their adopted village.

-Press Release

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