Fujifilm to have arm in India

One of the world's biggest imaging and photographic companies, Fujifilm Corporation is setting up a wholly-owned subsidiary in India with an initial investment of Rs 10 crore and plans to capture a significant share in the growing domestic market.

The new subsidiary named as Fujifilm India will 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.

"After studying the Indian market carefully, we have realised that the demand for our products here is growing. Our focus will be on creating a strong market for Fujifilm digital cameras and medical systems in India to capture a substantial share in years to come," Fujifilm Corporation India Branch Office General Manager Kenichi Tanaka told PTI.

He said the company will invest an initial capital of Rs 10 crore to set up the subsidiary, which is expected to be fully operational by April this year.