Cabinet clears Rs 40,000-crore warship project

What happened: The Cabinet cleared a Rs 40,000-crore project to build eight next-generation corvettes for the Indian Navy, to be constructed by GRSE and Goa Shipyard Limited. Key numbers: Rs 40,000 crore project value; eight warships; around 2,000 tonnes displacement each; maximum speed of approximately 30 knots; first corvette Why it matters: The MoD says the multi-role platforms will strengthen the Navy's combat readiness and presence across the Indian Ocean Region, and the project aligns with the SAGAR vision and Atmanirbhar Bharat push to reduce dependence on foreign defence suppliers.

The Cabinet cleared a Rs 40,000-crore project to build eight next-generation corvettes for the Indian Navy, to be constructed by GRSE and Goa Shipyard Limited.

The MoD says the multi-role platforms will strengthen the Navy's combat readiness and presence across the Indian Ocean Region, and the project aligns with the SAGAR vision and Atmanirbhar Bharat push to reduce dependence on foreign defence suppliers.