Decathlon to invest 100 million euro in India
The investment is set to significantly increase Decathlon’s presence in India, with plans to expand its store network to 190 stores nationwide. In addition to physical retail, Decathlon is also focusing on digital platforms to engage with customers more effectively, aiming to foster a seamless omni-channel experience.
Decathlon, the global multi-specialist sports brand, has announced a substantial investment of 100 million euro in India over the next five years. This investment will support the expansion of the company’s store network, enhance digital engagement, and strengthen its commitment to local manufacturing, underscoring Decathlon’s long-term vision for the country.
The investment is set to significantly increase Decathlon’s presence in India, with plans to expand its store network to 190 stores nationwide. In addition to physical retail, Decathlon is also focusing on digital platforms to engage with customers more effectively, aiming to foster a seamless omni-channel experience.
India has become a critical market for Decathlon, showing remarkable growth and potential. This latest investment demonstrates the company’s dedication to not only business growth but also to promoting sports participation and sustainable development across the country. Aligning with its global mission to "move people through the wonders of sport", Decathlon is adopting a holistic approach that includes retail expansion, local production, and community engagement.
One of the key areas of focus for Decathlon in India is local manufacturing. Currently, approximately 8 per cent of Decathlon’s global product range is produced in India, including all cricket bats, accessories, and most hockey equipment. Within India, 68 per cent of the products sold are locally made. By 2026, Decathlon aims to increase this figure to 85 per cent, further establishing India as a major manufacturing hub for the brand.
Decathlon is also making strides in sustainability, with plans to transition its Indian manufacturing facilities to green energy, targeting a 50 per cent reduction in carbon footprint. Additionally, the company is embracing circular economy models to minimize waste and promote sustainable practices.
In an exclusive interview to Zee Business, Decathlon India CEO Sankar Chaterjee addressed several concerns about the potential impact of the current situation in Bangladesh on their operations. "The situation in Bangladesh will not impact us significantly. Currently, 60 per cent of the products we sell in India are made locally, and only a small percentage are imported from Bangladesh. However, we are closely monitoring the situation. Over the next 4-5 years, we plan to increase the proportion of 'Make in India' products to 80 per cent," said Chaterjee.
Highlighting Decathlon's long-standing commitment to Indian manufacturing, he said: "We have been exporting 'Make in India' products for the past 30 years, and we intend to increase the export quantity, not only in clothing but also in sports equipment, cycling parts, and other categories."
In addition to its business initiatives, Decathlon is dedicated to making a positive impact on Indian communities. Through collaborations with its employees, the Decathlon Foundation, and local partners, the company aims to expand access to sports, education, and employment opportunities, contributing significantly to India’s economic and social progress.
As Decathlon continues to invest in India, its commitment to fostering sports participation, enhancing local manufacturing, and promoting sustainability remains unwavering, paving the way for a vibrant and prosperous future.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
04:43 PM IST