Walmart lobbying bill hits Rs 125 crore on India entry

December 10, 2012 12:17

Uproar in the Rajya Sabha over reports that 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 highly lucrative Indian market. According to lobbying disclosure reports filed by Wal-Mart 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". Read more

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