lynx
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Private players should take risks (.. in the hope they will get rewarded for the risks taken).
Govt should keep out of business ... that's a good policy.
Let's see if ADAG can succeed in producing cheap power .... if he can extract the lowest price and reliable quality, from any supplier in the world. If he makes a mistake .... only ADAG pays for it. If he does it right, he makes a lot of money.
And competitive pressure will only bring the better out of BHEL and L&T .... especially, if chinese equipments do work out to be cheaper, over the lifetime.
But is Govt really out of business in India..we have so many PSUs and most of them like Air India are white elephants. Yes I agree that Govt should act as a facilitator and not businessman, but one has to look also the size and reach of the private player under question. If GoUS thought the same way as you suggested, they would have never bailed out GM.