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Target plans to reap $1bn in sourcing

08 Dec '06
1 min read

Target, which has sourcing operations in 51 countries, is planning to touch $1 billion mark in sourcing from India by 2010.

A sourcing operation, Target Sourcing Services/AMC, has been carried out by retailer in India since 1975.

Sourcing from India includes textiles, stainless steel, handicrafts, stationery, lighting equipment and home furnishings.

It is expected to touch $450 million mark in 2007 compared to $300 million this year.

Company is mainly focusing on US market and plans to grow to a $100 billion operation by 2010.

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