Facebook’s investment in Reliance Industries not surprising: Brett Biggs, CFO, Walmart

India is a competitive market and Facebook’s investment in Reliance Industries is not ‘surprising’, said Brett Biggs, CFO at Walmart.

“Reliance has been a competitor for years. It’s (India) been competitive, Reliance, Amazon. So, when you have 1.3 billion people, it’s going to attract a lot of investment, a lot of the reasons why we went there,” Biggs said at a conference. “So it’s not surprising,” Biggs added.