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Canon India targets Rs 1,000 cr revenue by 2009

New Delhi, Oct 18 (UNI) Targeting a revenue of Rs 1,000 crore by 2009, Canon India Pvt Ltd, the wholly-owned subsdiary of Canon Singapore Pte Ltd, today launched 51 new products including digital cameras and camcorders besides inkjet and laser printers.

The company aims to touch a revenue of Rs 500 crore by 2007, of which it is confident of acheiving Rs 400 crore by the end of this calendar year, as compared to Rs 306 crore last year.

''The growing per capita income, consumer cycle and people becoming more tech-savvy are the factors behind Canon setting such targets,'' Canon India Vice President Alok Bharadwaj told reporters here.

Mr Bharadwaj added that the company seeks to increase its market share to 30 per cent by 2009 from the present 21 per cent.

The company plans to ramp up its retail partnership to 25 by 2008 from the present 7.

The newly launched products include 10 consumer products, 13 SOHO, 12 commercial products and 10 corporate products. The price range of the products begin from Rs 3,500 to Rs 1,35,3995.

Canon India markets consists of a comprehensive range of sophisticated contemporary digital imaging products that include photocopiers, multifunctional peripherals, fax-machines, printers, scanners, digital cameras and mulimedia projectors.

It has offices in seven cities across India and employs over 400 people.

It imports products from manufacturing units abroad in Singapore, Japan, Thiland, Malaysia and Vietnam.

UNI KR SC GC1800

Vijaya Bank posts net profit of Rs 174.96 cr in H1

Bangalore, Oct 18 (UNI) Celebrating its platinum jubilee, Vijaya Bank today announced an impressive jump of 70.51 per cent (year-on- year) in its net profit at Rs 174.96 crore during the first half of the current fiscal. Bank Chairman and Managing Director Prakash P Mallya, announcing the results to newspersons here, said the first six months of 2006-07 saw the bank recording a 15.21 per cent growth in total business crossing Rs 51,581 crore as.....

Explain to nation attacks on farmers, teachers: Cong to BJP

New Delhi, Oct 18 (UNI) The Congress today said the BJP owed an explanation to the nation for its ''violence-prone, intolerant and anti-democratic'' behaviour as manifested in the recent ''suppression'' of the farmers' agitation in Rajasthan, the killing of a teacher in Ujjain and the assault of a policeman who was protecting its leader L K Advani. Instead of addressing the concerns of the aggrieved, the BJP and its state governments were resorting to.....

Paswan terms Mulayam govt as 'anti-Muslim'

Ballia, Oct 18 (UNI) Union Steel Minister and Lok Janshakti Party (LJP) president Ram Vilas Paswan termed the Samajwadi Party led Uttar Pradesh government as 'anti-Muslim'. Addressing a gathering here last night, Mr Paswan alleged Uttar Pradesh Chief Minister Mulayam Singh Yadav posed himself as a well wisher of the Muslims but he never did anything good for the community. Taking Mulayam Singh Yadav government in the state to task for its pro-rich policies,.....
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