Complex sentence: In 2006, HAL announced its plans to build the LCH; funds for designing and developing the LCH to meet the requirements of the Indian Army and the Indian Air Force were sanctioned in October 2006.
Split into simpler sentences: In 2006, HAL announced its plans to build the LCH. Funds for the design and development of the LCH to meet the requirements of the Indian Army and the Indian Air Force were sanctioned in October 2006.