India Sourcing Goal - Business Outrank

Decathlon has established a goal to acquire $3 billion worth of Indian products by 2030 which represents a sixfold increase from its current $480 million purchases. The French sports giant aims to increase India's global sourcing percentage to 15% by 2030 while focusing on four product categories: footwear, cricket gear, metal equipment and optical products. The current local sourcing rate of 70% in India will increase to 90% during the next five years. Sankar Chatterjee who leads Decathlon India stated that the Indian market ranks among the company's top eight markets worldwide. The Indian sports sector demonstrates an 8% annual growth rate which enables Decathlon to project its FY25 revenue of ₹4,100 crore will exceed ₹7,000 crore by 2030. The company intends to start local production of electronic fitness equipment including wearables and treadmills while planning to shift battery imports from China to domestic manufacturing. The company extends its product line into sports nutrition and works together with Indian partners to develop local textile products. Decathlon operates 132 stores across 55 cities while it aims to expand to 90 cities by 2030 to establish India as a major production and sales hub.

What's Hot

Italy Backs Iveco Breakup Plan with Tata, Leonardo in Strategic Deal

Starbucks Revamps Strategy Amid Sales Slump with Protein Push and New Dark Roast

Meta Faces Stunning Rejection as Top AI Talent Turns Down $1 Billion Offer

Virus Susceptibility in Species: Study Reveals Surprising Findings

Effective Yoga Poses to Naturally Manage Blood Sugar Levels

Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

The Connection Between Diet and Organic Skincare – Foods for Healthy Skin

Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Indian government approves Singapore Airlines bid to merge Vistara and Air India

Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

Virus Susceptibility in Species: Study Reveals Surprising Findings

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

Browsing: India Sourcing Goal

Decathlon Sets Bold $3 Billion India Sourcing Goal, Eyes ₹7,000 Cr Revenue Boom

Italy Backs Iveco Breakup Plan with Tata, Leonardo in Strategic Deal

Starbucks Revamps Strategy Amid Sales Slump with Protein Push and New Dark Roast

Meta Faces Stunning Rejection as Top AI Talent Turns Down $1 Billion Offer

Decathlon Sets Bold $3 Billion India Sourcing Goal, Eyes ₹7,000 Cr Revenue Boom

Our Picks

Italy Backs Iveco Breakup Plan with Tata, Leonardo in Strategic Deal

Starbucks Revamps Strategy Amid Sales Slump with Protein Push and New Dark Roast

Meta Faces Stunning Rejection as Top AI Talent Turns Down $1 Billion Offer

Most Popular

Italy Backs Iveco Breakup Plan with Tata, Leonardo in Strategic Deal

Harvesting Hope: Rahul Gandhi’s Empathy in Action with Farmers before 2024 Elections

Is Modi Afraid? Congress Leader Accuses PM of Targeting Rahul Gandhi

Subscribe to Updates

What's Hot

Browsing: India Sourcing Goal