Indian Defence Ministry Signs ₹53,000 Crore Deal for Eight Next-Gen Corvettes

• The Indian Defence Ministry signed contracts worth over ₹53,000 crore for eight Next Generation Corvettes.
• Garden Reach Shipbuilders & Engineers Limited (GRSE) will build five corvettes, and Goa Shipyard Limited (GSL) will build three.
• The deal aims to enhance the Indian Navy's operational capabilities and support indigenous shipbuilding efforts.
• The project is expected to create significant employment opportunities.
• The contracts were finalized to improve the Indian Navy's fleet and promote domestic shipbuilding.