Indian Navy to Acquire Eight Corvettes for u20b953,866.5u202fcrore from GRSE, Goa Shipyard
On 13u202fMarch 2024 the Indian Ministry of Defence approved a u20b953,866.5u202fcrore deal for eight nextu2011generation corvettes. Garden Reach Shipbuilders & Engineers (GRSE) and Goa Shipyard will share construction duties. The vessels are slated to replace ageing patrol assets and expand the Navyu2019s blueu2011water capability. This procurement marks the largest singleu2011project investment in indigenous warship design to date.
What Happened: Contract Signing and Shipbuilding Plan
The contract was formally signed at the Defence Ministryu2019s headquarters in Newu202fDelhi, with Defence Minister Rajnath Singh and Navy Chief Admiral R. Hari Kumar present. According to an account to the Ministry of Defence press release, GRSE will build five of the corvettes at its Kolkata yard while Goa Shipyard will construct the remaining three in Vasco da Gama. The agreement stipulates a delivery schedule of one ship per year beginning in 2027, with the first keelu2011laying ceremony scheduled for September 2024 at the GRSE facility. The design, known internally as the Next Generation Corvette (NGC) project, incorporates stealthu2011shaping, integrated mast sensors and a modular weapons suite. Funding will be drawn from the 2024u201125 defence budget, and the total cost of
Despite being a warship, each corvette will use a commercial‑grade hull‑fabrication technique that cuts construction time by roughly 20%, a method traditionally reserved for civilian cargo vessels.
