UK retail group Arcadia is finalising its first foray into India, with reports suggesting that the company may open 15 Topshop and Topman stores there in the next three years.

A company spokesperson could not confirm the details of the move, but admitted that an announcement was likely in the near future.

"It's a market that Topshop is interested in," she told just-style.

"We are looking there, but as yet the contract hasn't been signed and nothing has been confirmed."

According to India's Business Standard newspaper, Arcadia is entering into a franchise agreement with Trent, the retail arm of India's Tata Group, and is awaiting government approval before announcing the deal.

About 15 Topshop and Topman stores will open in the next three years, the reports suggest, including two stores each in Mumbai and northern India by the end of this fiscal year.

Arcadia Group owner Sir Philip Green has made no secret of the company's international ambitions, unveiling a new flagship store in New York in April.

He has also pledged to increase Arcadia's international trading space by 126,000sq ft this year, expanding its international store roster from 447 to 505.

Meanwhile, Trent has also recently signed a joint venture with Spain's Inditex to establish its Zara retail brand in India.

The company also has agreements with Benetton and Tesco.