FACT Crosses Production Milestone
A press release said that the oldest large-scale fertiliser manufacturer in India has crossed ‘seven digit’ production and sales mark after a gap of 19 years.
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.
Webley and Scott to Make Guns for Civilians in India – Make in India
W&S is now on the way to becoming the first foreign company to set up a plant in India for the civilian market under Centre’s ‘Make in India’ initiative.
PAL-V Looking at India to Set Up Flying Cars Assembly Line for Asia – Make in India
Flying cars are no longer a fairy tale. They are a reality now with the Netherlands based PAL-V International BV, which is engaged in the development of the world’s first commercial personal land air vehicle, gearing up to deliver flying cars to its customers and herald a new chapter in mobility.
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.
Indian Railways is the 2nd Largest Transportation Network in the World
Shri Kulaste stated that the Indian Railways today is the second largest transportation network in the world and the sector is still progressing towards further growth and development.
Indian Women Disciplined About Savings; Taking Charge of their Money: Survey
Breaking other commonly-held misconceptions and stereotypes, the survey found that women are actively embracing independence in personal finance matters, aided by ease of access to such information through digital channels.
Modi’s ‘Digital India’ Dream May Soon Reach Factories
It is essential for manufacturing firms to first understand and then embark on digital transformational journey.
PMUY Catalyzes Women Empowerment, LPG Coverage Increased to 97%
LPG coverage has increased from 55% to 97.4% and the scheme has acted as one of the biggest catalysts of socio-economic change in the status of women in the country, he added.
India To Soon Get A Home-Grown Platform for Artificial Intelligence
Singh said that the body is working on a framework for the AI platform. He revealed that the platform, that is based on digital health blueprint, is already built and the agency is working on a similar platform for agriculture.