Volkswagen, German multinational automotive manufacturing company, opened a new R&D facility in Pune as part of the group’s ‘India 2.0’ plan that calls for a Rs 2,000-crore (250 miilion euros) investment into R&D, helping enhance the local content in the cars to be sold in the world’s fastest-expanding major economy. 

A new National industrial policy, aimed to develop global value chains, and to boost India’s manufacturing competitiveness, is awaiting cabinet approval.  Manufacturing cannot happen end to end only in one geography, and it has to be part of a global value chain and global supply chain. That is why a new industrial policy focusing on developing mutually beneficial value chain and supply chains is required.