Canon India expects profits in 2002

mumbai: canon india expects to generate profits from 2002 even as the company launched 12 new products on thursday. "we are close to break-even and should generate profit in 2002," canon india managing director alan grant told reporters here on thursday after marking the company's foray in the laser printer market in india here. the company also expects to clock a higher turnover of rs 160 crore in the current fiscal as against rs 120 crore last year, he added.canon india's general manager (system product division), alok bharadwaj, said the newly launched two laser printers, 6 bubble-jet printers and four scanners covers the whole range of target customers like home and corporates. this division is currently contributing under 10 per cent to the company's turnover, and is expected to rise to 33 per cent in next two years, he said. the company is also targetting a 18 per cent market share in bubblejet printers in six to nine months, he added. canon also unveiled its three-tier channel strategy to increase reach and penetration in the it peripheral market.