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Production / Industrial Engineering are pretty much the same disciplines. The areas of study include production systems (batch / mass / etc. ), production planning and management, economics of production systems, optimization and simulation techniques, etc. The supporting core engineering disciplines like engineering design, machine tools, production technology, thermodynamics, fluid mechanics, strength of materials, material Science, are all taught as well. Manufacturing Systems Engineering is more often a graduate level course rather than an undergraduate course which focuses on production systems and practices, and their mathematical modeling. There is far less emphasis on the supporting engineering disciplines and far more focus on understanding the determinants of efficient manufacturing in different modes of production. In addition, manufacturing processes are studied in detail - from CNC's and other precision machinery, to nanotechnology.

Hi Shilpa,
You need not worry. If you are not so good or comfortable with English Language, please feel free to go for M.Com in Hindi only. Because, if you will not understand what you are studying or being taught, there is no use of taking English. In the meanwhile, I would advise you to do some English speaking course through online mode, like youtube etc. People should feel comfortable in whatever they do and should not do things for sake of doing. If possible, learn Basic English in a few month and make yourself a bit settled in English language. May be, then you can do M.Com in English. Else, go only for Hindi for now, so that you can study and learn better in your preferred medium. As far as choosing out of M.Com and MHRM is concerned, I guess you should go for M.Com only, as you have done B.Com. Do work on English before doing any further studies in Masters etc., if you have planned. I hope, I could get you away from your confusion.
Regards.