Chennai, Feb 4 (UNI) Global leader in Imaging and Photographic companies, Fujifilm Corporation, would set up a wholly-owned subsidiary in India with an initial investment of Rs ten-crore and planned to capture a significant share in the growing domestic market.
The new subsidiary, named, Fujifilm India, would enable the company to capture the rising demand of digital imaging products, photo and graphic systems and medical equipment, while continuing its partnership with its existing dealers and distributors, a company release said here today.
Fujifilm, a leader in a broad spectrum of Imaging Industries, presently operates in India through its branch office and Indian dealers, including, Jindal Photo Limited (JPL) and PID Private Limited (PIDPL).
Fujifilm Corporation India General Manager, Kenichi Tanaka Branch Office, Fujifilm India, said, since the upgrade from a representative office to a branch office, company had been focusing on building the confidence of Indian customers on product performance and the service capacity of the company and the establishment of wholly-owned subsidiary would be a significant step in the right direction.
With regard to Fujifilm's existing marketing arrangement with the dealers, Mr Tanaka said the arrangements with the dealers would not be impacted by the establishment of the wholly-owned subsidiary.
The subsidiary would work with the dealers in building and promoting Fujifilm in India and bringing innovative and excellent products and services to Indian customers, he added.
UNI SNR KVV 1545