Decathlon invests Rs 930cr more to step up local manufacturing

Quick Summary:

Decathlon announced a new investment of 100 million euros in India, increasing their total commitment to over 200 million euros.

The company plans to ramp up local manufacturing to reduce dependence on imports.

Currently, 8% of Decathlon's global range is produced in India, with an aim to increase this to over 10% in three years.

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Article Details

Author / Journalist: Asmita Dey

Category: EconomyBusiness

Markets: India

Topics: Local manufacturing Investment Business news Decathlon Sourcing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-22 @ 03:58:11 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 551 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 22198538

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