Gap renews India retail talks

The San Francisco firm may be buoyed by global rival Zara's initial success in India.
American fashion retailer Gap Inc has renewed interest for a possible foray into India's specialty clothing market with a business development team from the $14-billion giant visiting several domestic corporates with presence in lifestyle retailing, people who are directly familiar with the development said.
The development comes soon after its global rival Spain's Inditex - which dislodged Gap Inc as the largest international apparel retailer - saw robust opening for its flagship Zara stores in Mumbai and New Delhi.
Zara's large format stores in two of the country's most popular shopping destinations, Palladium Mall in Mumbai and Select City Walk Mall in Delhi, opened with aggressive pricing strategy attracting significant customer interest.

This is a VCCircle.com report taken from Reuters.