Rs. 53,866 Crore Contracts Signed for Eight Indigenous Corvettes

On November 2, 2026, the Ministry of Defence signed contracts worth Rs. 53,866.50 crore with two defence public sector undertakings (DPSUs) for the construction of eight Next Generation Corvettes (NGC) for the Indian Navy.

Key Facts

Venue of Agreement: The agreements were signed with Garden Reach Shipbuilders & Engineers (GRSE) and Goa Shipyard Limited (GSL) at Kartavya Bhawan-2 in New Delhi, in the presence of Defence Secretary Rajesh Kumar Singh.
Warship Construction: Under the contract, GRSE will build five and GSL will build three Next Generation Corvettes.
Indigenous Design: For the first time, warships indigenously designed by the Indian Navy will be constructed by defence PSUs selected through a competitive bidding process.
Modern Weapon Systems: The new corvettes will be equipped with advanced missiles, weapon systems, and sensors to tackle air, surface, and sub-surface threats.
Naval Capabilities: These warships will be utilized for surface and anti-submarine warfare (ASW), coastal defence, maritime surveillance, and the protection of sea lanes of communication (SLOCs).
Littoral Operations: The Next Generation Corvettes will be capable of conducting littoral combat operations in coastal waters.
Employment Generation: The project is estimated to generate approximately 7.2 million (72 lakh) man-days of employment in shipyards and 46 million (460 lakh) man-days in ancillary industries and the MSME sector over the next ten years.
Indigenous Manufacturing: Using Indian materials, equipment, and technologies will boost the domestic shipbuilding industry and promote self-reliance (Aatmanirbharta) in the defence sector.