Entry to Indian market costs Rs 125 cr to WalMart

SME News, Tuesday, Dec 11, 2012 12:49:01 PM IST

Delhi to become first city to welcome Walmart, Tesco

ED investigates Walmart for alleged FEMA contravention

FDI debate in Lok Sabha Dec 4-5; Government confident of numbers

NEW DELHI: WalMart, a multinational retailer corporation, has been trying to influence WalMart US lawmakers since past four years to expedite their entry into the Indian market.

Since 2008, WalMart has spent approximately $25 million (about Rs 125 crore) on various contending activities like the enhanced market access for investment in India and discussions related to FDI in India, as mentioned in reports of lobbying disclosure filed by WalMart with the US Senate.

As per the retailer chain's lobbying disclosure reports, the firm has repeatedly contended for its entry to the lucrative Indian market, since 2008. And the firm has spent more than $3 million which is approximately Rs 18 crore on its various lobbying activities.

next >>

<< previous

Hot Topics

Entry to Indian market costs Rs 125 cr to WalMart

Other Categories

More ways to get us

Subscribe by E-mail