Netweb Technologies Secures PLI Incentive for IT Hardware Manufacturing

Netweb Technologies India Limited ( (IN:NETWEB) ) has issued an announcement.

Netweb Technologies India Limited has been awarded an incentive of ₹5,93,97,758 under the Production Linked Incentive (PLI) Scheme 2.0 for IT Hardware, recognizing its contributions to advancing India’s high-end computing manufacturing capabilities. This incentive highlights the company’s alignment with the government’s ‘Atmanirbhar Bharat’ initiative, showcasing its role in driving domestic innovation and global competitiveness in high-performance computing infrastructure. The recognition from the Ministry of Electronics and Information Technology underscores Netweb’s commitment to the ‘Make-in-India’ mission and its roadmap for future technology platform manufacturing.

More about Netweb Technologies India Limited

Netweb Technologies India Limited is a leading provider of high-end computing solutions in India, offering a range of products including HPC, private cloud and HCI, AI systems, enterprise workstations, high-performance storage, and data center servers. Founded in 1999 and led by Chairman and Managing Director Sanjay Lodha, the company has a strong customer-centric approach and operates a manufacturing facility in Delhi-NCR, with 18 offices across India. Netweb was listed on NSE and BSE in July 2023.

YTD Price Performance: -46.30%

Average Trading Volume: 34,499

Current Market Cap: 85.67B INR

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