Defence Ministry signs Rs 53,866.50 crore contracts for eight Next Generation Corvettes

2 November 2026

The Ministry of Defence has ordered eight Next Generation Corvettes for the Indian Navy at a contract value of Rs 53,866.50 crore. Garden Reach Shipbuilders & Engineers Limited, the Kolkata yard, will build five of the warships and Goa Shipyard Limited will build the other three. The papers were signed at Kartavya Bhawan-2 in New Delhi with Defence Secretary Rajesh Kumar Singh present. The ministry calls it the first project in which the Indian Navy itself designs the ships while defence public sector undertakings picked through competition build them. Each corvette is to carry missiles, weapons and sensor suites for work in the air, on the surface and under it, from anti-submarine duty to coastal defence and surveillance. The ministry expects the work to create about 72 lakh person-days of employment inside the shipyards and 460 lakh person-days in ancillary industry and MSMEs over the next ten years. Private shipyards and Indian industrial partners are to be drawn in alongside the two public yards.