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Hans India
7 hours ago
- Business
- Hans India
Decathlon to triple local sourcing in India, create 3 lakh jobs by 2030
New Delhi: Global sports retailer Decathlon has announced that it will triple its local sourcing in India to $3 billion by 2030 as part of the 'Make in India' policy. The company aims to create over 3 lakh direct and indirect jobs across its production ecosystem by 2030. On its 25th anniversary of starting production in India, Decathlon's decision signifies a growing focus on Indian manufacturing, a release from the company said. India currently supplies 8 per cent of Decathlon's global products. The company aims to increase it to 15 per cent with emphasis on high-potential categories like footwear, fitness equipment, and advanced sports textiles. Decathlon sources more than 70 per cent of its 132 Indian stores' items domestically and hopes to increase that to 90 per cent by 2030. This manufacturing network includes 113 facilities, 83 suppliers, and seven production offices, and a design centre. "Our quality and speed in local manufacture have helped us increase retail and offer a more comprehensive Made in India range. We prioritise excellence as we expand into omni-channel shopping and make sports more accessible to Indians," according to Decathlon India CEO, Sankar Chatterjee. India's industrial power is changing Decathlon's worldwide supply chain, especially in culturally famous categories like Yoga and Cricket, which are now wholly conceptualised and manufactured in India for diverse regions. 'India has become a cornerstone of our worldwide production," said global production chief Frederic Merlevede. Decathlon wants to integrate production and retail in over 90 Indian cities by 2030, the statement said. The Union Cabinet has recently approved 'Khelo Bharat Niti 2025' to boost domestic manufacturing of sports goods. India now exports 60 per cent of its sporting goods. While the global sports industry contributes approximately $600 billion annually, India's current share remains modest, and even moderate progress on this front could unlock substantial economic and social value.
Mint
2 days ago
- Business
- Mint
India now makes 44% of all smartphones shipped to US, thanks to Apple
Amid uncertainty over tariff negotiations with China, there has been a significant rise in 'Made in India' smartphones exported to the US. According to a new report by Canalys, the share of US smartphone shipments assembled in China declined significantly from 61% in Q2 2024 to 25% in Q2 2025. Meanwhile, the report also notes a sharp rise in India-made smartphone shipments to the US, registering a 240% year-on-year growth and now accounting for 44% of total shipments imported into the country, up from just 13% a year earlier. Sanyam Chaurasia, Principal Analyst at Canalys, attributed the rise in Made-in-India smartphone exports largely to Apple's accelerated supply chain shift to the country. 'India became the leading manufacturing hub for smartphones sold in the US for the very first time in Q2 2025, largely driven by Apple's accelerated supply chain shift to India amid an uncertain trade landscape between the US and China,' Chaurasia said in a blog post. 'Apple has scaled up its production capacity in India over the last several years as part of its 'China Plus One' strategy and has opted to dedicate most of its export capacity in India to supply the US market so far in 2025. Apple has begun manufacturing and assembling Pro models of the iPhone 16 series in India but is still dependent on established manufacturing bases in China for the scaled supply needed for Pro models in the US,' he added. Chaurasia further noted that Samsung and Motorola have also increased their share of US-targeted supply from India, although their moves are significantly slower and smaller in scale compared to Apple's. Notably, Motorola still has its main manufacturing hub in China, while Samsung mostly relies on Vietnam for smartphone production. Apple has been gradually increasing iPhone production in India over the past few years, but the company is now looking to scale it up even more amid growing uncertainty over China tariffs under the current US administration. Previous reports have indicated that Apple plans to import most of its iPhones for the US market from India by the end of next year. That would require production in India to rise from the current 40 million units to 80 million units.
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Business Standard
6 days ago
- Business
- Business Standard
'Made in India' gets UK boost: Goyal hails 'red carpet' for local products
Union Commerce Minister Piyush Goyal on Wednesday shared a detailed list of state-specific 'Made in India' products poised to benefit from the newly signed India-UK Free Trade Agreement (FTA). In a post on X, Goyal said, 'UK rolls out the red carpet for 'Made in India',' as he posted an infographic highlighting goods from across Indian states that will now get easier access to the UK market. UK rolls out the red carpet for 'Made In India' ???????????????? #IndiaUKFTA — Piyush Goyal (@PiyushGoyal) July 24, 2025 The FTA, officially signed between India and the United Kingdom, marks a significant milestone in bilateral economic relations. While the agreement involves a wide range of tariff reductions and regulatory relaxations, Goyal's post brought public attention to the practical, region-specific outcomes that could transform export ecosystems across the country. Gains from India-UK FTA: State-wise list The infographic presents a diverse spread of Indian products across states that are set to benefit from zero-duty or reduced-duty access to the UK. Here's a snapshot of key items: Signed after years of negotiation, the India-UK FTA aims to double bilateral trade to over $100 billion by 2030, from around $56 billion at present. The deal slashes tariffs across nearly 99 per cent of traded goods and opens up greater mobility for Indian professionals. India-UK FTA: Key takeaways Labour-intensive exports: Indian textiles, footwear, handicrafts, and processed foods to get duty-free entry into the UK Market access for services: Easier movement for chefs, yoga instructors, artists, and IT professionals Agricultural edge: Over 95 per cent of Indian agricultural and processed food exports—such as spices, fruits, and seafood—will enter the UK tariff-free Tariff cuts on imports: Safeguarding domestic interests Despite wide-ranging liberalisation, India has ensured that sensitive categories such as dairy, apples, edible oils, and oats are excluded from duty concessions. This balance aims to protect domestic producers while tapping into export-led growth.
The Print
22-07-2025
- Politics
- The Print
Parliament Monsoon Session: Modi holds meeting with senior ministers
In his customary remarks ahead of the commencement of the Parliament Session, he said, 'This monsoon session is like a 'Vijay Utsav' celebration of victory. The whole world has seen the strength of India's military power. The target set by the Indian Army in Operation Sindoor was achieved 100 per cent. Under Operation Sindoor, the houses of the masters of terrorists were razed to the ground within 22 minutes. The world has been very attracted to this new form of Made in India military power. These days, whenever I meet people of the world, the world's attraction towards the Made in India weapons being made by India is increasing.' Sources said that the meeting, held at Parliament House in the national capital likely discussed and made decisions regarding the ongoing Monsoon Session, which began today. The Prime Minister was apprised about the discussions in the Business Advisory Committee (BAC) and the opposition's insistence on his making a statement in the House according to sources. The PM was also briefed about the opposition's ruckus, particularly their demand for his availability to speak on the issue of 'Operation Sindoor, they said. Meanwhile, earlier today, Congress and other parties of the INDIA bloc identified eight key issues to be raised during the monsoon session of Parliament. These include the Pahalgam terror attack and the Special Intensive Revision of electoral rolls in Bihar. Opposition members had given adjournment notices, which were not accepted. Opposition parties had been raising slogans in the Lok Sabha in support of their demands in the House. The Lok Sabha was first adjourned until 12:00 p.m. and then until 2:00 p.m. '… The Defence Minister is allowed to speak in the House, but Opposition members, including me, who is the LoP, are not allowed to speak…This is a new approach… The convention states that if people from the government side can speak, then we should also be given space to speak,' Rahul Gandhi told reporters. Congress MP Priyanka Gandhi Vadra referred to Parliamentary Affairs Minister Kiren Rijiju's remarks that the government is ready for discussion on Operation Sindoor.'If they (the government) are ready for discussion, they should let the Leader of the Opposition speak. He stood up to speak, so he should be allowed to speak,' she said. (ANI) This report is auto-generated from ANI news service. ThePrint holds no responsibility for its content. Also read: Op Sindoor uproar forces 3rd Lok Sabha adjournment; Rajnath Singh promises detailed debate soon
New Indian Express
21-07-2025
- Politics
- New Indian Express
'During Operation Sindoor, Army achieved 100% of the objectives' PM Modi ahead of Monsoon session
Addressing the media ahead of the session, PM Modi pointed to India's success in Operation Sindoor, saying the military operation demonstrated a 'new form of Made in India military power' to the world
