Friday, May 15, 2009

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Canon to invest Rs 100 cr in India

Digital imaging major Canon today said it will invest Rs 100 crore in India to expand operations, primarily business-to-business (B2B) activities as well as marketing and sales infrastructure.

The company said it aims a 25 per cent growth rate in sales to clock a turnover of Rs 1,000 crore by next year, with its business imaging division expected to account for 10 per cent of total sales in the next two-three years.

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