Famous Swedish Business Dynasty Tycoon Calls For Urgent India-EU FTA

Jacob Wallenberg, Chairman of the Confederation of Swedish Enterprise and scion of the low-profile business dynasty behind industrial giants such as EQT AB, Ericsson and ABB - pressed the European Union and India to finalise a free trade pact at the earliest.

Urging political leaders of India and EU to conclude FTA at the earliest, he added that India is transforming rapidly and becoming a powerhouse of industrial growth. On his part, Commerce Minister Piyush Goyal acknowledged the major role the Wallenberg family has played for nearly a century in becoming an integral part of the India story.