This could be your chance to get rich from Narendra Modi's $250-billion defence plan Want to buy a stake in an aircraft-carrier builder? How about a fighter-jet maker? India is about to start an $11 billion sale of government assets, including holdings in the shipyard and factories that supply India’s military, offering investors a share of some of the region’s more profitable manufacturers that are benefiting from soaring defence spending. India is the world’s largest arms importer and Prime Minister Narendra Modi wants to change that while at the same time raising money to reduce the fiscal deficit. Among the biggest stakes to be sold are in Hindustan Aeronautics Ltd., or HAL, which is trying to build a domestic fighter, and Cochin Shipyard Ltd., currently building India’s first home-made aircraft carrier. The shipbuilder has seen profit almost double in the last five years, while earnings at most big global shipyards have slumped.
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