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October 29, 1997 |
Rank Xerox marks India for special attentionRank Xerox Inc has identified India as an emerging market along with Russia and China. Modi Xerox Limited, its joint venture company in India, is set to reach the $1-billion mark by 2000.K Swetharanyan, executive director, integrated supply chain, Modi Xerox, has said that the US photocopier giant has created a separate cell to monitor these emerging markets.
The ideal CRID is around 80 per cent and Modi Xerox has achieved around 50 per cent, Swetharanyan said. The company is still in the process of incorporating CRID, which is an essential part of the integrated supply chain. During the past year the company registered a growth of 30 per cent but the market felt the impact of the cash crunch which hit the industry. Swetharanyan said the government has been a major buyer and during the past year there has been a cutback of 5 per cent. As government spending decreases, the effect is widespread. At the upper end of the scale, the company has been selling imported copiers, which attracted almost 71 per cent import duty. This high-duty proved to be a deterrent to introducing hi-tech products in the market. The industry has made a representation to the government, Swetharanyan said. Swetharanyan said Modi Xerox had around 60 per cent of the Rs 1-billion Indian copier market. The company has the advantage of being in the market since 1984 against competitors such as Canon, Reco and Toshiba, he said. However, it is not the time to get complacent, he added. |
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- Compiled from the Indian media |
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