India, Nov. 2 -- The Government of India has issued a release:
The Ministry of Defence has signed contracts worth Rs 53,866.50 crore with Garden Reach Shipbuilders & Engineers Limited (GRSE) and Goa Shipyard Limited (GSL) for the acquisition of eight Next Generation Corvettes (NGCs) for the Indian Navy. The contracts were inked in the presence of Defence Secretary Shri Rajesh Kumar Singh at Kartavya Bhawan-2, New Delhi on November 02, 2026.
Under the contracts, GRSE will construct five corvettes, while GSL will construct the remaining three. The project marks a significant milestone in India's indigenous warship design and construction capabilities, as it is the first project in which the ships will be indigenously designed by the Indian ...