Wal-Mart
continues lobbying in US for India
Amid a probe being initiated into
Wal-Mart's US lobbying with
regard to its India
entry, the global
retail giant has continued to lobby with the
American
lawmakers on this issue, as also others, and spent
a
total amount of
USD 6.13 million on the same during 2012.
As per
the latest Congressional records of lobbying
disclosure
reports, the US-based Wal-Mart Stores spent a
total
amount of USD
1.48 million (about Rs eight crore) on lobbying
for various
issues, including on "discussions related to
FDI
in India
This
has taken the total lobbying bill of the company
for
entire 2012 to
USD 6.13 million (about Rs 33 crore), the
lobbying
disclosure records available with the US
Wal-Mart has been lobbying with the US
of issues every
quarter, whose disclosures it is mandatorily
required to make
under the American regulations.
Recently, the Indian
government initiated a probe into the
lobbying activities by Wal-Mart in
the US
to Indian market, after disclosures
about these activities
caused a furore and a political
debate in India
The company has,
however, maintained that these
disclosures have nothing to do with
political or governmental
contacts with India
that Wal-Mart's business interest in
India
the US
Wal-Mart has been
waiting for years to open its
supermarkets in India and it has been lobbying with the
US
lawmakers since at least 2008 to
facilitate its entry into the
highly lucrative Indian
market.
Its total bill on these
activities has now crossed USD 34
million (about Rs 180 crore) since
2008, which has been
incurred on account of lobbying for
more than 50 issues every
quarter, including the issues
related to "enhanced market
access for investment in India
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