Indian Navy to acquire 8 indigenous warships for ₹53,866 crore

The Indian Ministry of Defence has inked a deal worth ₹53,866.50 crore for eight Next Generation Corvettes. These warships, designed by the Indian Navy, will be constructed by Garden Reach Shipbuilders & Engineers and Goa Shipyard Limited. This acquisition aims to bolster maritime capabilities and replace older vessels, while also fostering job creation in the shipbuilding industry.