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Canon eyes India to top Apacsales by❜35
Business Standard
|June 07, 2024
Looks to build manufacturing capabilities in India
Japanese major Canon is doubling down on India to make the country top in sales in the Asia-Pacific (APAC) region by 2035.
This is part of the firm's strategy to grow revenue in Asia.
"As long as India is growing rapidly, no one can ignore it. India will contribute 30 per cent revenue in Asia (without Japan) by 2035," said Howard Ozawa, executive vice-president of Canon Inc, chief representative of Canon Asia Group, and president and chief executive officer of Canon (China). Canon's revenue in 2023 was $29 billion. Of this, Asia and Oceania represented 20.4 per cent, which is around $6 billion.
The company did not give the contribution from India either in percentage or absolute numbers.
Bu hikaye Business Standard dergisinin June 07, 2024 baskısından alınmıştır.
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