Japanese imaging product major Nikon expects India to contribute around 5 per cent of its global sales in next two financial years mainly on the back of growing sales of DSlR cameras, according to a top company official.
Nikon India, the company’s wholly-owned arm which today announced top management changes with the appointment of Sajjan Kumar as its new Managing Director, is targeting a turnover of Rs 1,200 crore in the current fiscal.
Kumar is the first Indian to lead Nikon’s operations here. He takes over from Kazuo Ninomiya, who is moving back to Japan for a new role in Nikon Corporation after completing his three years tenure.
“India is an emerging market for Nikon and has good potential. We almost contribute 3 per cent to Nikon (sales) globally. We are aiming, at least in next two fiscals, to contribute close to 5 per cent,” Nikon India Managing Director Sajjan Kumar told PTI. For the financial year 2017-18, Nikon India reported a turnover of Rs 1,150 crore, posting a growth of 5 per cent.