Cabinet clears Rs 40,000-crore plan for eight stealth corvettes

The Cabinet Committee on Security has approved a project worth over Rs 40,000 crore to build eight next-generation corvettes for the Indian Navy. Garden Reach Shipbuilders & Engineers and Goa Shipyard are expected to build the fast, multirole stealth warships, based on an in-house Navy design. Deliveries should begin by 2030, with top speeds around 30 knots.