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, PSU. Addressing a press conference in New Delhi this evening, Mr Geete said, out of 11 sick PSUs, process for reviving five of them has started and these will be revived. 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.