Ministry of Defence seals contracts worth over ₹53,000 crore to procure eight warships for Navy
India's Ministry of Defence approved contracts over ₹53,000 crore to buy eight corvettes for the navy. The contracts went to Garden Reach Shipbuilders & Engineers and Goa Shipyard Limited, expanding the fleet and boosting local shipbuilding. Signed in early 2024, delivery is planned over several years to strengthen India's maritime defence and overall operational capability.