NGMV
Indian Navy › Procurement
Six high-speed missile vessels under construction at Cochin Shipyard for the Indian Navy
Budget
₹9,805 Cr
Timeline
2023–2027+
Sector
Indian Navy
Indigenisation
PROCUREMENT TIMELINE
AON
AON
Acceptance of Necessity — CCS/DAC approves the requirement.
RFI
RFI
Request for Information — industry capability survey.
RFP
RFP
Request for Proposal — detailed tender issued to vendors.
ToC
ToC
Transfer of Technology clause negotiations.
CNC
CNC
Contract Negotiation Committee finalises terms.
Contract
Contract
Contract signed with selected vendor(s).
Dev/Trial
Dev/Trial
CURRENTDevelopment, integration and user trials.
Induction
Induction
INTEL SIGNALS
Near induction — watch for contract award
PIB confirms the MoD signed the six-ship NGMV contract with Cochin Shipyard Limited in Mar 2023 at ₹9,805 crore. Steel cutting for the first ship was held on 16 Dec 2024, and induction is planned from 2027 onwards. Earlier GRSE/HSL attribution was incorrect.
RECENT INTELLIGENCE
news.google.com · 19 Sept 2026
news.google.com · 30 Mar 2026
news.google.com · 18 Sept 2026
news.google.com · 30 Dec 2025
PROGRAM BRIEF & FREQUENTLY ASKED QUESTIONS
Pipeline Status
Stage 6/7
Under Construction
Estimated Budget
₹9,805 Cr
Financial Outlay
Target Timeline
2023–2027+
Operational Target
Armed Service
Indian Navy
85% Indigenous
NGMV — Next Generation Missile Vessels is currently at Stage 6 of 7 in the Indian defence procurement procedure (Under Construction). Six high-speed missile vessels under construction at Cochin Shipyard for the Indian Navy
The allocated budget outlay for NGMV is estimated at ₹9,805 Cr.
The program schedule indicates 2023–2027+.
NGMV is developed in coordination with vendors: Cochin Shipyard Limited.
NGMV targets an indigenous content of 85%, advancing domestic defence manufacturing under Atmanirbhar Bharat.
CONTENDERS / VENDORS
Cochin Shipyard Limited
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