India signed a $5.7 billion contract with domestic companies on Monday to build eight next-generation corvettes for anti-submarine, anti-surface and coastal defence operations, replacing an aging fleet of single-role corvettes. Five of the 127-metre stealth ships will be built by Garden Reach Shipbuilders and Engineers and three by Goa Shipyard, in what the Defense Ministry called the first project designed by the Indian Navy and built in domestic state-owned yards. The order sits inside a wider expansion, including a planned six advanced submarines with Germany and 26 French Rafale Marine aircraft, as the navy aims to grow from 145 ships and submarines to more than 200 by 2035.
India orders eight next-generation corvettes for $5.7 billion
India signed a $5.7 billion contract on Monday for eight next-generation corvettes, the first warships designed by the Indian Navy and built in domestic state-owned shipyards.
Why it matters: The order is the latest step in a naval build-out, alongside German submarines and French Rafale Marine jets, aimed at countering China's expanding presence in the Indo-Pacific.
Data as of Contract signed Monday November 2, 2026, reported November 3 by Defense News, read in full in this run; ship specifications and programme details are the Indian Defense Ministry's and Garden Reach Shipbuilders' as reported. Marine Insight put the value at Rs 53,866 crore for the eight ships.
Sources
- India orders next-gen corvettes for $5.7b under broad naval modernization push - Defense News - 2026-11-03
- Indian Navy Orders 8 Next Generation Corvettes In Rs 53,866 Crore Deal - Marine Insight - 2026-11-02