Target denies rumors of India unit sell-off

MINNEAPOLIS Target announced that it has no intentions to sell its captive center in Bangalore, India. The center employs about 2,100 people.

“Our captive center in Bangalore continues to be an important part of our long-term strategy and is highly integrated with our work and team in Minneapolis,” said Gregg Steinhafel, chairman, president and chief executive officer of Target. “We remain firmly committed to this Target team and are proud of the work they do. Recent rumors about a sale are ridiculous speculation.”