Govt's role is to facilitate business: Piyush Goyal

Government's role in business is facilitating it, not micro management, Power Minister Piyush Goyal said Saturday.

New Delhi: Government's role in business is facilitating it, not micro management, Power Minister Piyush Goyal said Saturday.

"We need to do away with government controls. The government's job is not to run businesses but facilitate business," he said at a global business summit here.

"The role of the government is that of an enabler and not to micromanage business. It should provide ease of business," the minister said.

However, he said that the government and the private sector need to work in tandem as both need to co-exist for better development of the infrastructure sector.

The decisions which are made by the government are done after calibrating whether it is economically wise and politically wise.

Meanwhile, the government is hopeful of attracting USD 250 billion investment within 4-5 years in the power setor.

Goyal had earlier said that investments for power generation, coal mining as well as electricity distribution and transmission sectors would help the government increase power generation and ensure electricity supplies to all households by 2019.

To increase thermal power generation, the production target for state-run Coal India has been set at 1 billion tonnes by 2019.

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