News: Walmart halts India-specific lobbying activities in US

C-Suite

Walmart halts India-specific lobbying activities in US

Hindustan Times reported that Global retail giant Walmart has stopped lobbying with US lawmakers on India-specific issues, after continuously seeking their support for about five years, to facilitate its entry into the Indian market.

Hindustan Times reported that Global retail giant Walmart has stopped lobbying with US lawmakers on India-specific issues, after continuously seeking their support for about five years, to facilitate its entry into the Indian market.

The disclosure incidentally comes at a time when the government is preparing a report based on findings of a probe into Walmart's US lobbying activities for its India foray.

According to 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 (around Rs. 12 crore) on various lobbying activities during the second quarter ended June 30, the report said. 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.

Read the complete HT report here 

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Topics: C-Suite, #International

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