NEW DELHI: Rolls Royce CEO Tufan Erginbilgic met PM Narendra Modi Wednesday to discuss strategies to scale up operations to be part of Viksit Bharat, including expanding global capability centre (GCC) to be the largest globally, co- creating complex manufacturing and building high value engineering capabilities. “It was wonderful meeting Tufan Erginbilgic earlier today. We welcome Rolls Royce’s enthusiasm towards scaling up its activities in India and partnering with our innovative and dynamic youth,” PM Modi posted on X. The meeting assumes significance as Rolls Royce looks to develop India as “home market”, signalling deepening of long-term commitment to the country across defence, aerospace, naval propulsion. tnn
Arresting rupee’s fall: India eyes cut in taxes on bond investments by foreigners – here’s how it may help
The proposal was suggested by the Reserve Bank of India and is currently under active consideration by the Finance Ministry. Looking to tackle foreign outflows and preserve forex, the government…