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India's digital camera market too small for local manufacturing: Nikon India MD
- Location: Arkansas, United States
“India is a unique market in comparison to Nikon’s other global markets due to its vast wedding industry,” Fujii said. “Excluding Japan and China, India accounts for 40% of Nikon Corporation’s revenue in Asia and Africa."
According to Nikon’s internal estimates, 2.5 lakh digital cameras were sold in India in the financial year 2023-24. Kumar said that the market could hit 2.65 lakh units by 2024-25.
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