Defence min inks Rs 53,866cr deal with GRSE & GSL for 8 next-gen corvettes for Navy

The Indian Defence Ministry signed contracts with two shipyards for constructing eight next generation corvettes. Garden Reach Shipbuilders & Engineers Limited will build five corvettes while Goa Shipyard Limited will build three. These ships will enhance the Indian Navy’s operational capabilities and support indigenous shipbuilding efforts. The project will create significant employment opportunities in shipbuilding and ancillary industries over the next decade.