Indian Navy Set To Receive 8 Advanced Corvettes Under Mega ₹40,000 Crore Deal

The Cabinet Committee on Security (CCS) has approved a clearance worth over ₹40,000 crore to build warships for the Indian Navy.

Contracts for 8 Next-Generation Corvettes are expected to be signed with two shipyards within the next few days. Government officials stated that Garden Reach Shipbuilders & Engineers (GRSE) in Kolkata and Goa Shipyard Limited (GSL) are to build the warships.

The Cabinet Committee on Security, led by Prime Minister Narendra Modi, cleared the proposal in a meeting held on October 28, 2026.

The warships will have a displacement of around 2,000 tonnes, with a speed of about 30 knots, featuring an in-house design developed by the Indian Navy.

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