Good afternoon everybody. A great deal has been written about the advantages of export-led growth, and the possible connections between exports and growth. There is strong evidence that manufactured exports growth accelerate economic growth and technological progress by fostering closer connections with international firms that are using leading-edge technologies, encouraging economic specialization, promoting high rates of investment into profitable economic activities, and providing foreign exchange to finance imports of capital goods. In this presentation, I would like to touch upon the changing global manufacturing scenario, the emergence of global production networks – global value chain model, the opportunities for India and what are the imperatives to join this mode.