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NewsOnAir 2026-11-02
Defence Ministry Signs Deals Worth Rs 53,880 Crore for 8 Next-Generation Navy Corvettes The Ministry of Defence has signed contracts exceeding Rs 53,880 crore for the construction of eight next-generation corvettes for the Indian Navy. The agreements were finalized in New Delhi with Garden Reach Shipbuilders and Engineers Limited responsible for five corvettes and Goa Shipyard Limited for three. This project is notable as it is the first where the ships are designed by the Indian Navy and built by Defence Public Sector Undertakings through a competitive selection process. The new corvettes will enhance the Navy's operational capabilities and support India's indigenous shipbuilding industry.
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