Prabhjot Singh Gill
File-A Bharti Walmart best price store in Punjab
Walmart Spent Rs 125 Cr to Lobby for India Entry

Global retail giant Walmart — waiting for years to open its supermarkets in India — has been lobbying with the US lawmakers since 2008 to facilitate its entry into the Indian market.

As per the lobbying disclosure reports filed by Walmart with the US Senate, the company has spent close to $25 million (about Rs 125 crore) since 2008 on its various lobbying activities, including on the issues related to “enhanced market access for investment in India”.

The retail giant spent $1.65 million on various lobbying issues in the last quarter (that ended on September 30 itself),  which included “discussions related to FDI in India”.

During the quarter, Walmart lobbied for its case with the US Senate, the US House of Representatives, the US Trade Representative and the US Department of State, as per its latest quarterly disclosure report.

The companies are allowed to lobby for their cases in various departments and agencies in the US, but they are required to file their lobbying disclosure reports every quarter with the US Senate.

So far in 2012, Walmart has spent more than $3 million on its various lobbying activities, including those related to India. As per its disclosure reports, the company has continuously lobbied for its India entry since 2008, except for a few quarters in 2009.

The Indian retail market is estimated to be worth about $500 billion currently and is pegged to cross $1 trillion mark by 2020, given the rising personal income.

Emerging story. Watch this space for updates as more details come in
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