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Govt seals ₹53,866-cr deal for 8 Navy corvettes

By · Published by Everything Blog

In short

Selected through a competitive bidding process, Garden Reach Shipbuilders & Engineers will construct five of the vessels while Goa Shipyard Limited will deliver the remaining three. The warships will feature sophisticated missile, weapon, and sensor systems capable of engaging targets across air, surface, and sub-surface domains. Beyond augmenting littoral combat and anti-submarine operations, the program will generate an estimated 532 lakh person-days of combined industrial employment over the next ten years.

Key points

  • The project represents the first time Indian Navy-designed vessels are being manufactured…: The project represents the first time Indian Navy-designed vessels are being manufactured by Defence Public Sector Undertakings.
  • Once inducted, the modern corvettes will significantly bolster the navy's coastal defense…: Once inducted, the modern corvettes will significantly bolster the navy's coastal defense, anti-submarine warfare, and surveillance capabilities.
  • The decade-long program will support MSMEs and ancillary industries by creating an estima…: The decade-long program will support MSMEs and ancillary industries by creating an estimated 460 lakh person-days of employment.

Sources checked by our analysis pipeline: 1

Under the contracts, GRSE will construct five corvettes, while GSL will construct the remaining three. The project marks a significant milestone in India's indigenous warship design and construction capabilities, as it is the first project in which the ships will be indigenously designed by the Indian Navy and constructed by Defence Public Sector Undertakings (DPSUs) selected through a competitive process, said the central government in a press release.

The NGCs will be equipped with state-of-the-art capabilities, including advanced missiles, weapons and sensor suites, enabling them to undertake missions across the air, surface and sub-surface domains. 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 operations, strengthening coastal defence, undertaking littoral combat operations, and carrying out maritime presence and surveillance missions.

The NGC project will provide a significant impetus to India’s indigenous shipbuilding ecosystem by strengthening collaboration among DPSUs, private shipyards and Indian industrial partners, including MSMEs. The construction of these ships is expected to generate approximately 72 lakh person-days of employment in the shipyards and 460…

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