Nikon to scale up headcount in India by 25%

Japanese camera maker Nikon plans to scale up the headcount in India by 25% this fiscal to leverage its operations in the country, said a top executive of the company at the launch of eight new models of its flagship Coolpix brand of digital cameras on Wednesday.

The new range is priced between Rs 7,450-Rs 25,950. The company is targeting 30% growth in revenues this fiscal as against 50% in 2008-09.

Talking about manufacturing plans in India, Nikon s managing director Hidehiko Tanaka said, Indian digital camera market has a share of less than 1% in the global pie and we would like to initiate production in the country only when there s enough demand.

The company intends to double its marketshare in the compact cameras category to 10% by this year-end.