India Signs Rs 53,866 Crore Deal For 8 Next-Generation Navy Corvettes

The Defence Ministry has signed contracts worth Rs 53,866.5 crore with Garden Reach Shipbuilders & Engineers Limited and Goa Shipyard Limited for the construction of eight next-generation corvettes for the Indian Navy. GRSE will build five warships, while GSL will construct three. The project marks a milestone in indigenous warship manufacturing, with the vessels designed by the Indian Navy and built by defence public sector undertakings selected through a competitive process. Equipped with advanced missiles, weapons and sensor systems, the corvettes will strengthen India's maritime security and combat capabilities. The project is expected to generate around 72 lakh person-days of employment in shipyards and 460 lakh person-days in ancillary industries and MSMEs over the next decade.