Swedens H&M in talks with three firms for India foray

H&M currently has no concrete plans to enter India and is not in talks to form a joint venture there, although it is an interesting market, the Swedish fashion retailer's spokeswoman said late on Tuesday.

She was speaking after India's Business Standard reported, citing sources, that H&M was in talks with India's Arvind Ltd , Genesis Colors and Reliance Industries-owned Reliance Brands as it looks for a joint venture partner with which to enter the Indian market.