Love for Facebook, Instagram driving camera sales: Nikon India MD

Kazuo Ninomiya shares plans of clocking sales worth Rs 1,200 cr in FY18

Nikon, the Japanese optics and imaging major, turns 100 next month. It has faced tough competition from the growing sale of smartphones, replacing entry-level cameras. Kazuo Ninomiya, managing director of Nikon India, speaks to Arnab Dutta. Edited excerpts:

Where does India stand for Nikon globally?

India's contribution to global revenue was three to four per cent last year and I expect it to go up to five to six per cent in 2017-18. Globally, we have 24 subsidiaries. While India is still lagging behind as compared to our top five markets, I am expecting conditions to improve by March. Last