Global retail giant Walmart has stopped its lobbying with the US lawmakers on India-specific issues, after continuously seeking their support for about five years to facilitate its entry into the high growth Indian market.
The disclosure comes at a time when Indian government is preparing a report to be presented in Parliament next month based on findings of a probe into Walmart's US lobbying activities for getting an access to India.
According to the latest lobbying disclosure reports filed by Walmart and its registered lobbyists with the US Senate and the House of Representatives, the company spent about 12 crore rupees on various lobbying activities during the second quarter ended June 30.
However, no India-specific matter figures among close to three dozen issues discussed by Walmart and its lobbyists with the lawmakers in the US during this period.
The company had spent a similar amount of about 12 crore rupees in the previous quarter as well on its lobbying activities.
Walmart and many other overseas supermarket chains have been wanting to set shop for many years in India, which opened up this business for foreign players last year with a 51 per cent equity cap despite stiff political opposition.
The disclosure comes at a time when Indian government is preparing a report to be presented in Parliament next month based on findings of a probe into Walmart's US lobbying activities for getting an access to India.
According to the latest lobbying disclosure reports filed by Walmart and its registered lobbyists with the US Senate and the House of Representatives, the company spent about 12 crore rupees on various lobbying activities during the second quarter ended June 30.
However, no India-specific matter figures among close to three dozen issues discussed by Walmart and its lobbyists with the lawmakers in the US during this period.
The company had spent a similar amount of about 12 crore rupees in the previous quarter as well on its lobbying activities.
Walmart and many other overseas supermarket chains have been wanting to set shop for many years in India, which opened up this business for foreign players last year with a 51 per cent equity cap despite stiff political opposition.
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