Govt's Job Is Not Micro Management, But To Facilitate Business: Power Minister

Power Minister Piyush Goyal has said that the government's role in business is to facilitate it and not micro management. "We need to do away with government controls. The government's job is not to run businesses but facilitate business. The role of the government is that of an enabler and not to micromanage business. It should provide ease of business," he said at The Economic Times Global Business Summit.

But he added that both the government and the private sector need to work together as both are crucial to boost the infrastructure sector.

The minister also said that the government is likely to attract an investment of 250 billion in the next 4-5 years in the power sector. Earlier, Goyal had expressed hope that investments for power generation, coal mining and electricity distribution and transmission would pave the way to increase power generation in the country, and ensure supply of electricity to all households by 2019.

In order to boost thermal power generation, Coal India has been given a production target of one billion tonne by 2019.