The Indian government has signed a deal worth 53,866 crore rupees for eight new Navy corvettes.
India signed defense contracts worth ₹53,866 crore to build eight next-generation corvettes for its navy. The ships will be designed by the Indian Navy and built by domestic shipbuilders. Construction will generate significant employment in shipyards and related industries.
- Goa Shipyard Limited will build the remaining three ships.
- India signed defense contracts worth ₹53,866 crore to build eight next-generation corvettes for the Indian Navy.
- The project is the first where ships will be indigenously designed and constructed by DPSUs.
- The Ministry of Defence signed contracts worth ₹53,866.50 crore.
- The construction of these warships is expected to generate 72 lakh person-days of employment in shipyards.
Outlets: Business Standard, Hindustan Times, Mint, The Business Standard (BD), The Economic Times, The Indian Express, Times of India (Top)
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