India Approves Largest Defence Deal
The Indian government has approved a significant defense deal to procure 156 Light Combat Helicopters (LCH) Prachand from Hindustan Aeronautics Limited (HAL), marking the largest defense contract in India's history. Valued at over Rs 62,000 crore, the deal allocates 90 helicopters to the Indian Army and 66 to the Indian Air Force. This move, approved by the Cabinet Committee on Security led by Prime Minister Narendra Modi, aims to bolster India's combat capabilities, especially in high-altitude regions, and supports the 'Atmanirbhar Bharat' initiative for self-reliance in defense. The contracts also promote domestic industry involvement with more than 65% indigenous content, enhancing local manufacturing and job creation.
The Indian government has approved a significant defense deal to procure 156 Light Combat Helicopters (LCH) Prachand from Hindustan Aeronautics Limited (HAL), marking the largest defense contract in India's history. Valued at over Rs 62,000 crore, the deal allocates 90 helicopters to the Indian Army and 66 to the Indian Air Force. This move, approved by the Cabinet Committee on Security led by Prime Minister Narendra Modi, aims to bolster India's combat capabilities, especially in high-altitude regions, and supports the 'Atmanirbhar Bharat' initiative for self-reliance in defense. The contracts also promote domestic industry involvement with more than 65% indigenous content, enhancing local manufacturing and job creation.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.