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Global retail giant Wal-Mart has resumed lobbying with the US lawmakers on matters related to FDI in India and has spent $1.5 million on 50 specific issues, including those related to Indian market during the last quarter.
“Discussions regarding foreign direct investment (FDI) in India" is one of the ten-odd specific issues in the area of trade that were carried out by registered lobbyists on behalf of Wal-Mart in the third quarter of 2013, according to its latest Lobbying Disclosure Form submitted to the US Senate.
Overall, Wal-Mart lobbyists discussed nearly 50 'specific issues' with the US lawmakers during the quarter, resulting into total expenses of $1.5 million relating to lobbying activities for the reporting period, shows the 19-page disclosure report.
Wal-Mart's lobbying activities covered the Senate, House of Representatives, department of state, US Trade Representatives, US Agency for International Development and the department of labour, among others.
As per Congressional records, Walmart had halted lobbying with the US lawmakers and federal agencies on India-specific issues in the preceding quarter, after seeking their support for about five years to facilitate its entry into the high-growth Indian retail market. owever, such lobbying activities resumed during the last quarter — a period which also saw hectic parleys in India with regard to Wal-Mart's business activities in the country.
After months of discussions, Wal-Mart earlier this month announced buyout of Bharti group's 50% stake in the wholesale retail business in India. Wal-Mart has also been requesting the Indian government to further relax norms for foreign direct investment in multi-brand retail business, where 51% foreign equity was allowed last year despite opposition by various political parties.