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 incidentally 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 close to $2 million (about Rs 12 crore) 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.
This has come as a major departure from the prior period lobby disclosure reports, including that for the preceding quarter (January-March 2013) wherein ‘Discussions related to FDI in India’ figured as one of the lobbying issues, the Congressional records show.
The company had spent a similar amount of about $2 million in the previous quarter on its lobbying activities.