<p>New Delhi: French sports retailer <a href="https://www.deccanherald.com/tags/decathlon">Decathlon</a> on Wednesday said it will invest €100 million(around Rs 933 crore) in India, its one of the fastest growing markets, in the next five years to expand retail footprint and manufacturing operations.</p>.<p>The company expects its business to become double in next three to five years, said Decathlon India CEO Sankar Chaterjee.</p>.<p>The company plans to have a network of 190 stores, having presence in over 90 cities in next 5 years as part of its expansion, he added.</p>.<p>Besides, a handful of this would also be spent on enhancing the digital channel as per the omni-channel approach of the company.</p>.Byju’s hedge fund ally seeks to keep lawyers as cash runs out.<p>Decathlon will expand its manufacturing operations and increase sourcing from india for the local market and its global operations.</p>.<p>Currently 68 per cent of the goods sold in India are locally produced. Besides, 8 per cent of Decathlon's global product range are also met through India manufacturing.</p>.<p>"We are aiming to take the domestic manufacturing for Decathlon India to 85 per cent by 2026," Chaterjee said.</p>.<p>Decathlon plans to add 10-15 new stores every year, accelerating online sales and increasing local sourcing as part of expansion.</p>.<p>Decathlon Global Chief Retail and Countries Officer Steve Dykes said India now plays an important role for the company.</p>.<p>"India is a unique and exciting market with numerous opportunities. We have commitments to accelerate our efforts in india to make societal impact to inspire more and more Indians to play," he said.</p>.<p>Dykes further said Decathlon will explore new sales channels as B2B to increase its impact.</p>.<p>"We have a potential for India to play more and more and their role in Decathlon research and design and processes, over 2 million people are engaged globally in sports activity with a Decathlon clay app, and we have a big commitment in developing a future talent that comes from India, he said.</p>.<p>In March Decathhlon had said India is a "big priority" market and expects it to be among its top five global markets within five years.</p>
<p>New Delhi: French sports retailer <a href="https://www.deccanherald.com/tags/decathlon">Decathlon</a> on Wednesday said it will invest €100 million(around Rs 933 crore) in India, its one of the fastest growing markets, in the next five years to expand retail footprint and manufacturing operations.</p>.<p>The company expects its business to become double in next three to five years, said Decathlon India CEO Sankar Chaterjee.</p>.<p>The company plans to have a network of 190 stores, having presence in over 90 cities in next 5 years as part of its expansion, he added.</p>.<p>Besides, a handful of this would also be spent on enhancing the digital channel as per the omni-channel approach of the company.</p>.Byju’s hedge fund ally seeks to keep lawyers as cash runs out.<p>Decathlon will expand its manufacturing operations and increase sourcing from india for the local market and its global operations.</p>.<p>Currently 68 per cent of the goods sold in India are locally produced. Besides, 8 per cent of Decathlon's global product range are also met through India manufacturing.</p>.<p>"We are aiming to take the domestic manufacturing for Decathlon India to 85 per cent by 2026," Chaterjee said.</p>.<p>Decathlon plans to add 10-15 new stores every year, accelerating online sales and increasing local sourcing as part of expansion.</p>.<p>Decathlon Global Chief Retail and Countries Officer Steve Dykes said India now plays an important role for the company.</p>.<p>"India is a unique and exciting market with numerous opportunities. We have commitments to accelerate our efforts in india to make societal impact to inspire more and more Indians to play," he said.</p>.<p>Dykes further said Decathlon will explore new sales channels as B2B to increase its impact.</p>.<p>"We have a potential for India to play more and more and their role in Decathlon research and design and processes, over 2 million people are engaged globally in sports activity with a Decathlon clay app, and we have a big commitment in developing a future talent that comes from India, he said.</p>.<p>In March Decathhlon had said India is a "big priority" market and expects it to be among its top five global markets within five years.</p>