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Business

Corporate India turns hopeful gaze to ASEAN

MUMBAI -- As Indian Prime Minister Narendra Modi looks to increase engagement with the Association of Southeast Asian Nations, Indian companies, too, are realigning their strategies to tap the region's potential. And with the 10-member bloc moving toward further integration by the end of December in the form of the ASEAN Economic Community, the business opportunities there are only likely to expand.

     The latest big Indian name to step up its focus on the grouping -- which has a combined gross domestic product of over $2.5 trillion -- Larsen and Toubro. The engineering powerhouse has won a contract to construct power lines for Malaysian electricity utility Tenaga Nasional.

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