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Canon India Pvt. Ltd has made an investment of Rs 100 crore towards enhancing its rental business as well as infrastructure to support B2B business.
The strategy of the company is to fight the current economic downturn as well as create a growth driver for its Business Imaging Solutions Division. This competitive leasing plan from Canon India is designed to assist the corporate across categories to adopt the latest technologies in document management without having to invest upfront.
Canon announced the launch of hi-speed mono production digital press range under award-winning imagePRESS line building upon the success of Indian service verticals like education, publishing, telecom and BFSI.
The new flagship model, imagePRESS 1135 is a versatile and highly reliable product suitable for mission critical applications like large scale bill printing. Canon now offers an enhanced portfolio of 80 business imaging products and solutions with this launch.
Mr. Kensaku Konishi, President and CEO, Canon India stated, "As an industry leader, Canon India had made investments in three demo centres called Business Solution Lounges last year. In the current downturn, sustaining operational excellence without additional capital investments has become a necessity for corporates across sectors. We at Canon have taken the lead in partnering with our customers to create a rental business model. This required higher capital infusion. Hence, we decided to invest Rs 100 crores in Canon Indias capital base."
Alok Bharadwaj, Senior Vice-President, Canon India commented, "We have observed a transformation of corporate mindset from capacity building to cash flows over the last six months. With even banks cutting back on lending, the commercial production printing segment has also been affected. In a growing economy like India, it is imperative for companies to continue to deploy new technologies aimed at creating a more productive work environment. The rental proposition is a strong and compelling anchor as it offers scalability in line with growing demands. We believe that the document printing cost should be managed using specialised solutions than to cut down on deployments. The need for business machines is actually a growth driver for the Indian companies."
He added, "We are going to be offering the facility of rental machines through our team of 80 sales people in Direct Sales business division that handles top 500 corporate accounts as well as the commercial print segment in India. This year the rental business will be contributing Rs 60 crores to Canon Indias turnover. We expect the rental business to contribute Rs 100 crores as we target Rs 1000 crore revenues next year."
The Canon imagePRESS 1135 is an extraordinary new monochrome digital production press designed on the core architecture of the imagePRESS line. The Canon imagePRESS 1135 can be custom configured with various finishing options at an engine speed of up to 135 pages-per-minute (ppm).
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Posted On : 15 May 09
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