Bangalore
The Economic Times (Bangalore edition)
Japanese imaging and optical products corporation Canon on Monday announced entry into high quality digital document printing vertical through its partner GK Vale by introducing Canon Image Press CL7000. The technology will allow GK Vale, a photo printing and photography equipment retailer, to provide large format prints to its customers, Canon India, president and CEO, Kensaku Konishi, said. “This printer belonged to the business world, now we are bringing this technology to customers. We believe customers want to see images on paper rather than on devices,” he said.
Canon plans to invest Rs 100 crore by 2012 to establish new showrooms and camera repair centres in India. It got a revenue of Rs 500 crore last year and expects to touch Rs 700 crore in 2008, while next year its aims to achieve Rs 1,000 crore from India. Around 15 percent comprises service revenue even as it projects the service contribution to go up to 35 percent, said Konishi. GK Vale plans to bring in 22 such printers in a year with an investment of Rs 30 crore, CEO Anand Sukumar said. The printer, which can publish 70 copies a minute, is available at GK Vale’s iprint Centre at Indiranagar branch.
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