Wal-Mart lobbying tactics are worth Rs 125 Cr

December 10, 2012 18:31
Wal-Mart lobbying tactics are worth Rs 125 Cr

The number one retail chain market in the world, Walmart, had to go through a lot of lobbying spending millions of dollars on the US lawmakers since four years to enter India, an attractive market for the giant.

Wal-Mart which submitted the lobbying reports to the US senate have revealed that the total income spent over the past four years was almost $25 million dollars, Rs 125 Cr in Indian currency. This money also includes a good proportion that was spent on the issues that were related to the "enhanced market access for investment in India". After September 30th, 2012 there was an expenditure of over $1.65 million which primarily discussed the advent of FDI in India.

Lobbying is allowed in the US in various departments if they file a lobbying disclosure report every quarter with the US senate. Over $3M has already spent this year alone. Barring a few quarters in 2009, Walmart has been lobbying continuously to enter the Indian market since 2008.

(AW- Anil)


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