Reliance Industries terminates US lobbying
Amid a huge uproar over lobbying by American firms to gain access to Indian market, India's leading corporate house Reliance Industries has terminated its lobbying activities among the US lawmakers after having spent nearly 2 million dollars (over Rs 10 crore) to its lobbyist here in the past four years.
Mukesh Ambani-led Reliance Industries (RIL) began lobbying among the US lawmakers through leading lobbyist firm, Barbour Griffith & Rogers LLC (BGR), in January 2009 for its business activities and other causes.
However, the company had put on hold its lobbying activities here for the past five quarters and it has now terminated its lobby registration itself in the US.
The company, which has been expanding its presence in global markets, including the US, in the recent years and has interests in businesses ranging from energy, polyester and retail to telecom back in India, has paid a total amount of USD 1.88 million (over Rs 10 crore) to its US lobbyist since January 2009.
According to its latest lobbying disclosure report dated January 18, filed with the US Senate through BGR, it terminated its lobbying registration with the US authorities on January 11.
The disclosure further mentioned that there was "no lobbying issue activity" during the last quarter, which ended on December 31, 2012. This was the fifth consecutive quarter when BGR reported 'no lobbying activity' for its client RIL among the US lawmakers.
Lobbying in the government departments and other institutions is a legal activity in the US, but all the registered lobby firms are required
Be the first to comment.
