Home / Knowledge / News / Apparel/Garments / Walmart lobbies with US lawmakers over Indian FDI rules
Walmart lobbies with US lawmakers over Indian FDI rules
25
Apr '13
As per the latest lobbying disclosure report filed by global retail giant Walmart with the US Senate and the House of Representatives, the company continued to lobby with the US lawmakers over Indian foreign direct investment (FDI) rules in the retail sector during January-March 2013 period.
 
During the first quarter of 2013, Walmart spent US$ 1.84 million for lobbying with various US Government agencies and departments on nearly 50 issues, according to the 17-page lobbying report filed by the company.
 
In addition to FDI in India’s multi-brand retail, the company lobbied on issues related to tax, data security, cyber security, e-commerce, manufacturing, domestic sourcing, compliance, sales practices, etc.
 
Currently, a one-man inquiry committee in India is investigating the lobbying disclosure reports of Walmart. It is also tasked with finding out whether Walmart participated in any activity in India that runs against the law of the land.
 
In the US, lobbying is legally allowed. However, companies and their lobbyists have to submit a quarterly report on their lobbying activities to the Congress.
 
During entire 2012, Walmart spent US$ 6.13 million on lobbying with Congressmen for various issues, including on discussions related to FDI in India, according to Congressional records of lobbying disclosure reports.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: AWI

Textiles | On 20th Jan 2017

Australian wool EMI at highest ever level in Au$ terms

The Eastern Market Indicator (EMI) managed to forge ahead by a...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Textiles | On 20th Jan 2017

Xeros to focus on textile sector to develop technology

Xeros technology group plc, the developer and provider of patented...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search