Target Captive in India not for sale to Wipro ?
SOURCE: Proactive Investors
DATE: Jan 18th, 2010
Target management continues to deny the recent news articles that they are close to selling their captive to Wipro for $60 million dollars. The rumors of the sale have emerged again. Late last year the rumor that Target is selling it’s captive made it to the press. Target management continues to deny this and say what it is , rumors! Target has around 2,100 people in their center in Bangalore.
Retail vertical continues to be a growth sector for a number of the outsourcing vendors. A number of the outsourcing vendors have shown a growth in the retail vertical.The 3rd and 4th quarter for the year are typically the most active for outsourcing vendors specially as Retail tries to setup for end of year event.
A number of vendors have also been building platform solutions for the retail industry ( Wipro offers Cloud for Retail)
Some other news items on Retail industry outsourcing to India:
Walmart building outsourcing plans
BJ’s deal with Wipro
Link to article on Target Captive
