Walmart resumes US lobbying on FDI in India

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Walmart has been requesting Indian govt to further relax norms for FDI in multi-brand retail business (AP) Walmart has been requesting Indian govt to further relax norms for FDI in multi-brand retail business (AP)
SummaryWalmart's lobbying activities covered the Senate, House of Representatives, Department of State, US Trade

it did not violate any Indian regulations in this regard.

There are no clear regulations on lobbying in India, although companies here also indulge in activities promoting their cause with the government and other agencies, either directly or through industry bodies and other groups.

As per the Congressional records, Walmart began lobbying in the US on India-specific issues way back in 2008. Since then, the company has spent a total amount of USD 39.42 million (about Rs 242 crore) on numerous lobbying issues, including those related to India.

Out of this, over USD five million have been spent so far in 2013. Walmart's lobbying issues did not include India in the second quarter of this year, while the first quarter of 2012, as also all four quarters of 2009 also did not have any single lobbying issue related to India.

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 only last year.

Still, there are many restrictions, such as those on sourcing of products, that are keeping foreign multi-brand retailers away from the country.

Separately, Walmart was also facing a probe by the Enforcement Directorate here for alleged violation of FEMA (Foreign Exchange Management Act) norms, but is said to have been given clean chit on that front.

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