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Security Cabinet Approves Rs 40,000 Crore for 8 Corvettes

By Drooid · Oct 30, 2026 · How we work

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Summary

The Cabinet Committee on Security approved a Rs 40,000 crore project to build eight Next Generation Corvettes.
Garden Reach Shipbuilders will construct five corvettes worth over Rs 25,000 crore, with contracts signed soon.
Goa Shipyard Limited will build the remaining three corvettes; the first vessel is slated for delivery in 2030.
Each 2,000-tonne vessel will reach speeds near 30 knots and supports the SAGAR maritime-security initiative.

History

India’s Project 17, launched in the 1990s, called for a domestically built 5,000-ton stealth frigate; the navy ordered three units in early 1999 and commissioned the lead ship INS Shivalik in April 2010. Building on that self-reliance drive, the 2024 Cabinet Committee on Security approved a Rs 40,000-crore corvette programme for GRSE and Goa Shipyard, expanding the fleet for the SAGAR mission.

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India’s Project 17, launched in the 1990s, called for a domestically built 5,000-ton stealth frigate; the navy ordered three units in early 1999 and commissioned the lead ship INS Shivalik in April 2010. Building on that self-reliance drive, the 2024 Cabinet Committee on Security approved a Rs 40,000-crore corvette programme for GRSE and Goa Shipyard, expanding the fleet for the SAGAR mission.

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