India's Defence Ministry Signs ₹53,866.50 Crore Contracts for Eight Next Generation Corvettes with GRSE and Goa Shipyard

Key facts

• The Ministry of Defence (MoD) on November 2, 2026 signed contracts worth ₹53,866.50 crore with two defence public sector shipyards for the construction of eight Next Generation Corvettes (NGCs) for the Indian Navy.
• Garden Reach Shipbuilders & Engineers (GRSE) will build five corvettes, while Goa Shipyard Limited (GSL) will construct the remaining three.
• The contracts were signed in the presence of Defence Secretary Rajesh Kumar Singh.
• This is the first project in which warships will be indigenously designed by the Indian Navy and constructed by Defence Public Sector Undertakings (DPSUs) selected through a competitive process.
• The NGCs will be equipped with advanced missiles, weapons and sensor suites, enabling missions across air, surface and sub-surface domains.
• The vessels will strengthen the Navy's anti-surface and anti-submarine warfare capabilities, coastal defence, littoral combat operations, maritime surveillance and protection of maritime trade routes.
• The project promotes indigenous materials, equipment and technologies to reduce import dependence and strengthen domestic defence manufacturing.