Canon India is poised to significantly expand its presence in the semiconductor sector, according to Toshiaki Nomura, President and CEO of Canon India. He stated that the Indian government’s initiatives and ongoing infrastructure developments are expected to catalyse the growth of this industry within the next few years. Canon, known for its manufacturing of equipment essential for chip production, is optimistic about aligning its operations with India’s ambitions in semiconductor manufacturing.
During a recent interview, Nomura highlighted that Canon has experienced consistent growth since its establishment in India in 1997, with expectations of double-digit growth this year despite the challenges posed by the COVID-19 pandemic. He noted that India’s increasing average income and infrastructure improvements present substantial opportunities for Canon, particularly in sectors such as diagnostics equipment and surveillance systems.
The company is actively engaging with both Indian and global semiconductor firms to establish partnerships aimed at building semiconductor fabrication facilities in India. This aligns with the broader trend of expanding electronics manufacturing within the country, which includes mobile phones and other electronic devices. Canon’s strategy also involves developing local talent through global training programmes to support the semiconductor industry.
Nomura expressed confidence in India’s potential to become a major market for Canon, stating that the company is committed to tailoring its products to meet local demands. He acknowledged a growing interest from smaller cities as consumer wealth increases, which presents further opportunities for expansion. Canon’s focus on innovation and adaptability is evident as it seeks to enhance its product offerings in response to the evolving needs of Indian customers.
