The Ministry of Defence (MoD) has signed contracts worth ₹53,866.50 crore with Garden Reach Shipbuilders & Engineers Limited (GRSE) and Goa Shipyard Limited (GSL) for the construction of eight Next Generation Corvettes for the Indian Navy.
The contracts were signed in the presence of Defence Secretary Rajesh Kumar Singh at Kartavya Bhawan-2 in New Delhi. Under the agreement, GRSE will construct five corvettes, while GSL will build the remaining three.
According to the Ministry of Defence, this is the first project involving ships designed indigenously by the Indian Navy and awarded to Defence Public Sector Undertakings (DPSUs) through a competitive selection process.
The corvettes will be equipped with advanced missiles, weapons and sensor systems, enabling operations across air, surface and sub-surface domains. They will undertake a range of missions, including protection of maritime trade routes, anti-surface and anti-submarine warfare, coastal defence, littoral combat, maritime surveillance and maintaining India’s maritime presence.
The project is expected to strengthen the Indian Navy’s operational capabilities while providing a significant boost to the domestic shipbuilding industry. It will encourage collaboration between defence public sector undertakings, private shipyards and Indian industrial partners, including micro, small and medium enterprises (MSMEs).
Over the next 10 years, the project is projected to generate approximately 72 lakh person-days of employment in shipyards and 460 lakh person-days in ancillary industries and MSMEs.
The Ministry said the use of indigenous materials, equipment, technologies and domestic expertise would strengthen self-reliance in defence manufacturing and advance the government’s Make in India initiative.
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