Retail in Asia

In Sectors

French sports goods retailer Decathlon to set up shops in India

French sports goods giant, Decathlon, is planning to enter the Indian market as a single-brand retail chain, it is learnt.

Currently present in the country as a cash-and-carry or wholesale operator, Decathlon has written to the government proposing to open retail stores in India, similar to the 20 other countries that it conducts business in.

This is the first time that a cash-and-carry player has formally sought to go retail in India. Single-brand retail, which till a year ago had a foreign direct investment (FDI) cap of 51 percent, can now be fully foreign-owned, thereby encouraging international chains to foray into India. In multi-brand retail, 51 percent FDI was allowed recently. So far, many international retail chains operated only in the cash-and-carry category, as it did not impose any FDI limit on companies.