The Ministry of Defence, on behalf of the Indian Navy, has signed contracts worth Rs 53,866.50 crore with Garden Reach Shipbuilders & Engineers (GRSE) and Goa Shipyard Limited (GSL) for the construction of eight Next Generation Corvettes.
Under this agreement, GRSE will construct five ships while GSL will develop three vessels. All vessels will be professionally designed by the Indian Navy and constructed by the two Indian Defence Public Sector Shipyards selected through a competitive process.
The vessels will be equipped with advanced missile, weapons, and sensor systems enabling them to operate in the air, on the surface, and underwater. They will cover anti-surface and anti-submarine warfare, coastal defence, littoral combat, and maritime surveillance.
This is also anticipated to bolster India’s domestic shipbuilding industry, providing opportunities for private sector suppliers, as well as micro, small and medium enterprises. The government expects significant employment opportunities to arise in the next ten years, both within shipyards and in other related sectors.
Why it matters: The programme strengthens India’s maritime capabilities while expanding domestic warship design and manufacturing expertise.
