India to emerge as No 3 in creative imaging field: Nikon MD Kazuo Ninomiya

India will emerge as world's third largest in terms of revenue generation in 'creative imaging' field over the next five years, Nikon India MD Kazuo Ninomiya said on Thursday.

About five years ago, India was ranked 15th in the world in this sector but went up the ladder to get the 5th position in terms of revenue in the field, Ninomiya said.

"In view of its potential as well as the fascination for photography in the country, I can assure that India will become world's no. 3 country of the world in next five year time," he claimed.

Ninomiya was speaking in the steel city to launch the first COOLPIX zone here. He was accompanied by the Vice-President (Imaging division) of Nikon India, Sajjan Kumar.

Asked whether his company has any plans to take part in the Union government's 'Make in India' initiative, Ninomiya said, "I can not say anything about the near future as it depends on the decision of the company management."

He said the company is looking at 30 to 50% growth in its turnover in the next five years.

"We have recorded Rs 1,100 crore turnover in the last fiscal and wanted to enhance it by 30 to 50% in next five-year period," he said.

Kumar, the Vice-President of the company, said the market share of Nikon India, a 100% subsidiary of Tokyo-based Nikon Corporation, was 55% and efforts were on to increase it further by introducing new products and innovation.