Narendra Modi has plan for reviving loss-making factories

Image source: rediff.com

According to the reports Prime Minister Narendra Modi has a clear plan to revive loss making public companies in India. The government will spend more money in loss-making or poorly running state-owned factories to make them into a profitable venture.

The ministry of heavy industries and public enterprises feels that with investment over 40 out of 64 loss-making “zombie” companies can be revived.

Being the chief minister of Gujarat Modi adopted some strategy to revive loss-making public companies by fueling government money into these and turned 20 such “zombie” companies into a profitable one. However, now it is to see whether the same Gujarat model can be worked out nationally.

• About the Author

About Sprightly Spirit

“I dare do all that may become a man. Who dares more is none”. And all, may be. It may be the vigor. Or the spirit. Or the courage to avoid being “politically correct” or bent. And, ban all averse with immaculate overture of graciously fathomable words firm in views. Subtle. Justifying the undying conscience. Values. Knowledge. And, dares to stay true. True to own. True to the world. And, to the words. With a dream in eyes it exists. In you. In me. In all. The sprite that never shies away. The spirit that never dies!