Disclosure reports filed by high-profile lobbyist firm BGR reveal that the Mukesh Ambani-run Reliance paid it $1.90 lakh (Rs 92 lakh) in April-June for lobbying US lawmakers, which was higher than the Indian government’s payment of $1.8 lakh (Rs 87 lakh). Nearly $5.6 million (Rs 26.8 crore) was spent in April-June and $4.6 million (Rs 22.08 crore) in January-March, taking the total to over $10 million, according to the report, filed with the US Senate.
The figures underscore the importance of US lawmakers in influencing a large number of policies affecting India and its firms.
BGR lobbyists have previously served in the White House and Congress. The firm is known to have been effective at stopping or changing many policies considered to be harmful for its clients. Together, the government and Reliance accounted for nearly three-fourths of the total spending. Tata Sons, software industry body Nasscom, Gujarat Flurochemicals, Sun Pharma and Orchid Chemicals are some of the other Indian corporates mentioned in the BGR report.
Telegraph India
0 comments:
Post a Comment