{"id":395432,"date":"2021-01-15T08:31:52","date_gmt":"2021-01-15T03:01:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=395432"},"modified":"2021-01-15T09:28:15","modified_gmt":"2021-01-15T03:58:15","slug":"hindustan-aeronautics-soars-14-on-6-billion-government-defence-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hindustan-aeronautics-soars-14-on-6-billion-government-defence-deal\/","title":{"rendered":"Hindustan Aeronautics soars 14% on $6 billion government defence deal"},"content":{"rendered":"<p>Shares of Indian aerospace and defence company Hindustan Aeronautics Ltd jumped nearly 14% on Thursday, a day after the government said it would buy 83 fighter aircraft from the company for over $6 billion in the biggest defence deal for a homegrown company.<\/p>\n<p>Prime Minister Narendra Modi has undertaken a flagship campaign for a self-reliant India, under which his government wants companies to reduce imports, increase domestic production and play a bigger role in the global supply chain. <\/p>\n<p>About 500 Indian companies in the design and manufacturing sectors will be working with HAL in this procurement, the government said on Wednesday evening.<\/p>\n<p>&#8220;(The Cabinet decision) will improve the capabilities of our armed forces, boost the indigenous defence industry and strengthen the movement to create a self-reliant India,&#8221; Prime Minister Modi said https:\/\/bit.ly\/2MZp5xb on Twitter, while Defence Minister Rajnath Singh called<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Indian aerospace and defence company Hindustan Aeronautics Ltd jumped nearly 14% on Thursday, a day after the government said it would buy 83 fighter aircraft from the company for over $6 billion in the biggest defence deal for a homegrown company. Prime Minister Narendra Modi has undertaken a flagship campaign for a self-reliant India, under which his government wants companies to reduce imports, increase domestic production and play a bigger role in the global supply chain. About 500 Indian companies in the design and manufacturing sectors will be working with HAL in this procurement, the government said on [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-395432","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=395432"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/395432\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=395432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=395432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=395432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}