Summary:
Minister of Heavy Industries and Public Enterprises Arvind Sawant (68) has a task cut out for himself. Sawant, deputy leader of the Shiv Sena replaced Anant Geete, the lone Sena minister in the previous Narendra Modi-led government. He said he will focus on the revival of closed and ailing public enterprises so that more jobs will be created. Sawant admitted that it is a huge challenge especially when there are 320 central public enterprises as on March 31, 2016. The net profit of profit making enterprises was Rs 1.44 lakh crore and the net loss of loss making enterprises was of the order of Rs 28,756 crore..