According to an official press release, Canon announced plans to strengthen its core businesses in India during a strategy meeting held in Mumbai on June 7. These core businesses include imaging, printing, and surveillance.
The company also outlined its intention to expand its presence in the semiconductor sector, adding that India would help boost Asia to become Canon's top sales region by 2035.
Howard Ozawa, executive vice president of Canon, chief representative of Canon Asia Group, and chairman & CEO of Canon Marketing Asia, emphasized India's importance to Canon's global strategy. He stated that India, with its dynamic economy, vibrant culture, and tech-savvy population, is a critical market for the company.
Canon aims to strengthen its presence in India's semiconductor and medical businesses as part of its broader ambitions. Kazunori Iwamoto, advisory director and deputy chief executive of Optical Products Operations at Canon Inc., discussed the company's plans for the semiconductor and flat panel display industry in India, saying the company aims to bring its advanced skills and knowledge to India.
Canon offers various manufacturing solutions for the electronics industry, including Nanoimprint Lithography equipment.
Iwamoto added that Canon plans to support India's semiconductor industry growth by developing local talent through its global training programs. NDTV, citing a forecast by the TeamLease Degree Apprenticeship, reported that India faces a potential deficit of up to 300,000 professionals in the semiconductor industry across domains inducing R&D, IC design, manufacturing, and advanced packaging by 2027.
Ozawa told the Economic Times that the company is in early discussions with Indian and global semiconductor firms. These companies are committed to investing in building chipmaking facilities in India and expanding electronics manufacturing, including mobile phones, notebooks, PCBs, and motherboards.
Additionally, Canon established a new Indian subsidiary - Canon Medical Systems India. Koh Yamada, president of the subsidiary, highlighted the company's comprehensive portfolio of advanced medical imaging systems, ranging from diagnostic and interventional imaging to healthcare IT solutions.
Yamada noted the rising prevalence of non-communicable diseases, which include cardiovascular diseases, cancer, and diabetes. Yamada expressed hope that Canon's unique technologies can aid medical professionals in managing these conditions more effectively.
