Cabinet clears Rs 40,000-crore warship project
The Cabinet Committee on Security under Prime Minister Narendra Modi has approved a project worth over Rs 40,000 crore to construct eight Next-Generation Corvettes for the Indian Navy. The announcement was made in the CCS meeting held on Wednesday. These high-speed surface combatants will have a displacement of approximately 2,000 tonnes and a maximum speed of around 30 knots.
The contract for these warships will be signed in the coming days with two state-owned shipbuilders - Garden Reach Shipbuilders & Engineers (GRSE) in Kolkata and Goa Shipyard Limited (GSL) in Goa. The delivery of the first corvette is expected by 2030, with efforts being made to expedite the construction schedule.
The project aims to bolster the Indian Navy's operational capabilities and strengthen its maritime security missions in the Indian Ocean Region (IOR). These Next-Generation Corvettes are designed to be adaptable, multi-role platforms capable of executing various maritime security operations. This induction is anticipated to enhance the navy's combat readiness and operational presence in the strategically important Indian Ocean Region.
The project also aligns with the government's SAGAR vision and Atmanirbhar Bharat initiative, promoting domestic manufacturing and reducing dependence on foreign defence suppliers.
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