The author has posted comments on this articleAgencies | Dec 17, 2012, 06.47AM IST
WASHINGTON: According to the quarterly lobbying disclosure reports filed with the US Senate and the House of Representatives , at least three organizations— Financial Services Forum, Business Roundtable and Financial Executives International—have lobbied on issues related to taxation and other proposals of the finance bill presented in Parliament early this year. ` Giants like Boeing, AT&T, Starbucks, Lockheed Martin, Eli Lilly and GE have also lobbied earlier with US lawmakers on “specific lobbying issues” related to India, which include discussions on market opening initiatives and support for their sales and business opportunities in the country.
Besides, Qualcomm has lobbied on issues related to spectrum licences, Alcatel-Lucent on preferential market access regulations and Pfizer on “issues related to a Supreme Court decision on generic medicine pricing” and certain patent cancellation matter in India.
One of the most active entities with India-related lobbying issues this year has been the Alliance of Automobile Manufacturers with its opposition to the regulation of carbon dioxide emissions in the US until India along with China and Russia implement similar reductions.
Besides, insurance major Prudential Financial has been lobbying for “Indian financial market access and equity ownership issues”. Like the government decision to open FDI in retail, a proposal to increase FDI cap in insurance sector is also being vehemently opposed by various political parties.
So far in 2012, Prudential Financial has spent more than $6 million on various lobbying issues in the US, including those related to India, while the lobbying bill for Morgan Stanley has crossed $2 million.
Among others, Business Roundtable has spent $6.6 million , Alliance of Automobile Manufacturers about $8 million , Dell close to $2 million, HP about $1.5 million, Cargill $1 million and Aerospace Industries Association of America around $2 million.
The disclosure about Walmart having spent $25 million on its lobbying activities in the US since 2008 on various issues including those related to opening of retail FDI in India generated a high-decibel political debate last week and the government finally agreed for an enquiry into the matter.
Lobbying is a legal activity in the US, but the lobby firms hired by the corporate entities need to make quarterly disclosures about their activities and payments. However, there are no specific regulations about lobbying in India.
The Indian government itself has a lobby firm presenting its case with the American lawmakers, while a number of Indian companies and entities also indulge in lobbying activities in the US through their respective lobbyists.
The Congressional records show that a number of other global giants have also paid their lobbyists in 2011 or prior years to present their issues related to India before the US lawmakers.
These include telecom major AT&T, whose specific lobbying issues in the past have included “telecom trade in India ,”, while the lobbyists for the world’s largest coffee retail chain operator Starbucks have discussed “market opening initiatives in India” with the US lawmakers.
After years of waiting on the wings, Starbucks recently opened its first retail outlet in India through a partnership with Tata group.