Govt to form joint venture of Maharatnas to revive sick PSU Heavy Industries and Public Enterprises Minister Anant Geete today said, a Joint Venture of Maharatnas will be formed to help revive sick Public Sector Undertakings. Addressing a Press conference in New Delhi this evening, Mr Geete said, out of 11 sick PSUs, process for reviving five has started. On terminally ill PSUs, Anant Geete said, it would be better to make one-time settlement and eliminate even higher recurring expenditure. He said, his Ministry wants to streamline multiple mechanisms for revival of sick Central Public Sector Enterprises and have identified the action points in this regard. The Minister also said, there is need to review the functioning of the Board for Reconstruction of Public Sector Enterprises (BRPSE). - Read more at:
Posted on: Fri, 26 Sep 2014 04:03:22 +0000
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