New Delhi, Aug. 18 -- Larsen & Toubro (L&T), India's largest infrastructure builder and a prominent player in IT services, is developing a new five-year strategic plan amid an uncertain global business climate and rapid technological advancements that are prompting business leaders to reevaluate their strategies. In an interview, chairman S.N. Subrahmanyan said the company's focus will be on growth in India and the Middle East. While its core projects business is currently reaching new heights, the company has identified four key areas for growth. Edited excerpts:

Some of these issues are too big for me to understand or discuss. The way you need to look at it is, where you are, are you able to get business? And do you have a positive out...