Overview
- Top-level approval was given by the Cabinet Committee on Security on Wednesday and officials say contracts with state shipyards GRSE and GSL are expected to be signed in the coming days.
- The programme is valued at more than Rs 40,000 crore and calls for eight 2,000‑tonne, high‑speed stealth corvettes built to an in‑house Indian Navy design.
- Authorities report a target of over 70% indigenous content to align the project with Atmanirbhar Bharat and to expand work across MSME suppliers, though that figure is a reported goal rather than an independently verified outcome.
- The Navy plans the ships as multi‑role platforms for surveillance, escort, anti‑surface, anti‑submarine and limited anti‑air tasks, with construction expected to begin within roughly a year and first delivery targeted for 2030.
- Shipyards will need to ramp up yard capacity, workforce and supplier networks to meet the schedule, a development that is likely to extend long‑term order visibility and generate thousands of direct and indirect jobs.