The release strongly refuted the rumor that Target Corp is engaged in any discussions, or has any plans, to sell its India operations. It said that Target continues to deeply integrate the work of its Bangalore teams with its US-based teams, bringing the teams, sites and work even closer together.
“Our captive centre in Bangalore continues to be an important part of our long-term strategy and is highly integrated with our work and team in Minneapolis,” Target Corp EVP and General Counsel Tim Baer said. “We do not know the source of this speculation, but we can absolutely reaffirm that it is not true,” he added.
Published 18 January 2010, 15:27 IST