Govt Inks Rs 53,866.50 Crore Contracts with GRSE & GSL for 8 Next Generation Corvettes for Indian Navy
The ships will add advanced missiles and sensors while generating 72 lakh person-days of work over 10 years, the ministry said.
- On Monday, the Ministry of Defence signed contracts worth Rs 53,866.50 crore with Garden Reach Shipbuilders & Engineers Limited and Goa Shipyard Limited for eight Next Generation Corvettes for the Indian Navy.
- Indigenous design marks a significant shift, as this project represents the first instance where the Indian Navy designed the vessels and Defence Public Sector Undertakings were selected through competitive bidding.
- GRSE will construct five corvettes, while GSL will build three, generating approximately 72 lakh person-days of employment in shipyards and 460 lakh in ancillary industries and MSMEs over ten years.
- The induction of these ships will significantly enhance the Indian Navy's operational capabilities in safeguarding maritime trade routes, conducting anti-surface and anti-submarine warfare, and strengthening coastal defence.
- Maritime security priorities extend beyond domestic shipbuilding; the Singapore-India Maritime Bilateral Exercise concluded on October 26 in Andhra Pradesh, demonstrating both nations' commitment to stability in the Indian Ocean Region.
18 Articles
18 Articles
Navy gets firepower boost with Rs 53,866-crore deal for 8 next-gen corvettes
The Defence Ministry signed contracts with GRSE and Goa Shipyard for eight next-generation Navy corvettes. The project will strengthen naval capabilities, indigenous shipbuilding and employment across supporting industries.
Ministry of Defence signs Rs 53,866 crore deal with GRSE, GSL to procure 8 warships for Navy
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) to procure eight warships for the Indian Navy. Under the contract, the ministry will acquire eight Next Generation Corvettes (NGCs) for the Indian Navy from the two state-run shipbuilders. "Under the contracts, GRSE will construct five corvettes, while GSL will construct the remaining thre…
Defence Ministry signs Rs 53,866-crore contracts with GRSE, Goa Shipyard for eight next-generation Navy corvettes
According to the Defence Ministry, this is the first project in which the vessels will be designed indigenously by the Indian Navy and constructed by Defence Public Sector Undertakings (DPSUs) selected through a competitive bidding process.
Coverage Details
Bias Distribution
- 56% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
