Thu, 24 Jan 2013 22:22:54 GMT | By ANI

Union Cabinet approves panel to probe Wal-Mart’s lobbying

The Cabinet has approved the appointment of a one-man Committee to look into allegations of lobbying by the US retail giant to entry into Indian market


Union Cabinet approves panel to probe Wal-Mart’s lobbying (© Reuters)

New Delhi: The Union Cabinet on Thursday approved the appointment of a one-man Committee into the media reports concerning Wal-Mart. The terms of reference of the Committee are as follows: to inquire into recent media reports on disclosures of Wal-Mart before the US Senate regarding their lobbying activities and details; whether Wal-mart undertook any activities in India in contravention of any Indian law; any other matter relevant or incidental to the above.

The Committee will submit its report within three months. It was reported last month that Wal-Mart, which had been 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".

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