The Defence Ministry has signed contracts worth ₹53,866.50 crore with Garden Reach Shipbuilders & Engineers (GRSE) and Goa Shipyard Limited (GSL) to build eight Next Generation Corvettes for the Indian Navy. GRSE will construct five warships, while GSL will build three. Equipped with advanced missiles, weapons and sensors, the vessels will strengthen maritime security and naval operations. The project is also expected to generate substantial employment across shipyards and supporting industries over the next decade.
