French sports goods seller Decathlon to double India sourcing to $3 billion in 5 years

Decathlon (Representative Image)

France's Decathlon aims to double the share of goods sourced from India to $3 billion over the next five years, the sporting goods retailer said on Tuesday, expanding its footprint in the world's most-populous country.

Decathlon, which entered India in 2009, sells a host of sports accessories ranging from footballs and yoga mats to bicycles and exercise equipment in the country, cashing in on the growing interest in fitness and an active lifestyle.

It competes with Nike, Adidas, Puma and local brands in India's sports goods market, which is expected to grow 69% to $6.6 billion from 2020 to 2027, according to industry estimates.

The company said it will create more than 300,000 direct and indirect jobs in India over the next five years.