India’s Ministry of Defence announced on 2 November 2026 that it had signed contracts worth ₹53,866.50 crore for eight next-generation corvettes for the Indian Navy. The ministry said five ships will be built by Garden Reach Shipbuilders & Engineers and three by Goa Shipyard Limited.

According to the ministry, the ships are intended to strengthen the Navy’s capabilities. Its announcement did not set out a delivery timetable. The contracts are an award to build the vessels; the ships have not yet entered service.

Source: Ministry of Defence, Press Information Bureau, 2 November 2026: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2331418&lang=2&reg=48

Image: AI-generated editorial illustration. It does not show an actual vessel or contract signing.