The Ship, which is first in a series of four planned corvettes, was commissioned at the Naval Dockyard in Vishakapatnam on Saturday Morning.
"I am sure INS Kamorta will serve this country effectively for a very long time," Jaitley said in his speech.
"In recent months, amongst the various initiatives that the government has undertaken is indigenous manufacturing of our defence deployment," he added.
It will carry short-range Surface-to-Air missiles (SAM) and Active Towed Array Decoy System (ATDS). It can also carry an integral anti-subamrine warfare helicopter.
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