Economy

News on Indian Economy

Rolls-Royce-Force Motors JV Factory to Start Operations in A Few Months – Make in India

Rolls-Royce Power Systems, a subsidiary of the company, and Pune-based vehicle manufacturer Force Motors in March 2018, started a joint venture to manufacture Rolls-Royce’s engine brand MTU and 12-cylinder Series 1600 units, which are used in power generation and rail underfloor applications. The company has earlier said Force Motors will hold a 51 per cent and Rolls-Royce Power Systems a 49 per cent stake.

80 Lakh Women Entrepreneurs in MSME Sector, 38% Increase Under PMEGP

Nitin Gadkari, said that policy simplification by the Government has resulted in an increased number of women entrepreneurs in the country. He stated that there are around 80 lakh women entrepreneurs in the MSME sector and there has been an increase of about 38% in enterprises under Prime Minister’s Employment Generation Program (PMEGP) being established by women entrepreneurs in last 5 years.