Canon India

The slowing down of Canon India's growth rate was due to the negative growth of 48% in its software exports business. Its domestic business for the previous year, however, grew by a comfortable 20%. Peripherals continued to be the largest contributor to Canon's revenues in 2003-04. A series of digital cameras were also added to the Canon portfolio in the previous year. To manage all the growth the company added 110 heads to move the headcount up to 382.