Govt Signs ₹53,866.50 Crore Deal for Eight Navy Corvettes
The Ministry of Defence has signed contracts worth ₹53,866.50 crore for eight Next Generation Corvettes for the Indian Navy. Garden Reach Shipbuilders & Engineers will build five warships, and Goa Shipyard will build the rest. Under the deal, the two Indian shipyards share the work.
Context
Context: Corvettes are smaller, fast warships used for patrols and escort duties near coasts. The Navy is adding ships under government programmes to strengthen its fleet over the coming years.
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