HP set to enter photo printing market in India
As the convenience of digital photography rapidly replaces the classical charm of film cameras, the largely unorgainsed retail photo printing market in India is also set to experience a major technological and operational shift. According to conservative estimates, the market size of digital camera in India is expected to soar around 22% compound annual growth rate (CAGR) through 2011. Add to this the growing mobile tele-density and the increasing use of high-end camera cellphones.

Sensing the untapped potential in the segment, HP recently announced its entrance into the retail photo-printing market in India with the introduction of HP’s Retail Photo Solutions, which include HP Photosmart Studio, HP Photosmart Express station and HP Photosmart pm1000 Microlab Printer. "It will be a joint venture keeping in mind the retail environment in India. We are holding talks with like-minded companies," said Christopher Morgan, Senior vice-president, Imaging and Printing Group, HP Asia Pacific and Japan.