Overview
- The Cabinet Committee on Security approved the project on Wednesday, clearing a plan worth over Rs 40,000 crore to build eight Next‑Generation Corvettes for the Indian Navy.
- Contracts are expected to be signed in the next few days with Garden Reach Shipbuilders & Engineers (GRSE) in Kolkata and Goa Shipyard Limited (GSL) in Goa, government sources told ANI.
- Each corvette is described as a roughly 2,000‑ton, high‑speed (about 30‑knot) surface combatant built to an all‑new in‑house stealth design and configured for multi‑role tasks including patrol, escort and anti‑submarine operations.
- The navy targets the first delivery by 2030, with construction planning to begin within about a year and shipyards exploring ways to accelerate timelines.
- The programme is expected to use more than 70% domestic content, give long‑term order visibility to GRSE and GSL, and generate thousands of direct and supply‑chain jobs while supporting the government’s push for indigenous defence manufacturing and regional maritime presence.