Current Affairs - Business - Discussion

Statutory body of the Government of India, Competition Commission of India (CCI) approved the acquisition of Larsen & Toubro Limited (L&T)'s Electrical and Automation (EA) business by Schneider Electric India Private Limited and MacRitchie Investments Pte. Ltd.In order to eliminate the competition concerns, the Commission has ordered the acquirers to reserve a part of L&T's installed capacity to offer white labeling services to third-party competitors.The facility will be available in respect of five high market share LV (Low Voltage) switchgear, which is generally used together in LV panels.