New Delhi: The Indian Navy is set for a major boost as the Central Government has approved a proposal to build eight advanced warships at an estimated cost of over ₹40,000 crore.

The approval was granted by the Cabinet Committee on Security, chaired by Prime Minister Narendra Modi, on Wednesday.

Under the project, five warships will be constructed by Garden Reach Shipbuilders and Engineers, or GRSE, in Kolkata, while the remaining three will be built by Goa Shipyard Limited. Agreements for the project are expected to be signed in the coming days.

Each warship will weigh approximately 2,000 tonnes and will be capable of reaching speeds of around 55 kilometres per hour. Designed with advanced stealth features, these vessels will have a reduced radar signature, making them difficult for enemy radar systems to detect.

The warships will be equipped to counter threats from enemy surface vessels, submarines and aerial attacks. They will also strengthen maritime surveillance, coastal security and search-and-rescue operations.

More than 70 per cent of the components used in their construction are expected to be indigenous. The project is likely to provide a significant boost to India's domestic shipbuilding industry and generate employment opportunities for thousands of people.

The government aims to deliver the first warship to the Indian Navy by 2030.

This major defence initiative is expected to further strengthen India's maritime capabilities and strategic presence in the Indian Ocean Region.