The Ministry of Defense has signed agreements worth Rs 53,866.50 crore to build eight new warships to enhance the strength of the Indian Navy.

Shipbuilding responsibilities and agreement details

Under this project, Garden Reach Shipbuilders and Engineers Limited will build five warships, while Goa Shipyard Limited has been assigned the responsibility of building three warships.

These agreements were signed at Kartavya Bhawan-2 in New Delhi in the presence of Defense Secretary Rajesh Kumar Singh.

More than 70 percent of the material for these new warships to be received by the Navy will be manufactured domestically in India.

Delivery timeline and domestic manufacturing

A target has been set to deliver all these eight warships to the Indian Navy by the year 2030.