Target restates commitment to its India operation
January 19, 2010,
Minneapolis – Looking to quell rumors about supposed plans to sell its India-based operations, Target Corporation today “firmly restated” its commitment to Target India business in Bangalore.
Target Corp. does know the source of “this ridiculous speculation,” but called it “unequivocally not true,” added Tim Baer, evp and general counsel of Target Corporation.
Target India, which employs about 2,100, “continues to more deeply integrate the work of its Bangalore teams with its U.S.-based teams,” the company said.
Beth Jacob, evp and chief information officer of Target Corp., described Target India’s captive center in Bangalore as an ongoing “important part of our long-term strategy and is highly integrated with our work and team in Minneapolis.”
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