Netweb Technologies Secures ₹59.4 Million Boost Under IT Hardware PLI Scheme

Netweb Technologies India, a leading high-end computing solutions provider, has received approval for a ₹59.4 million incentive under the government's Production Linked Incentive (PLI) scheme for IT hardware. This development comes as part of India's push to bolster domestic manufacturing in the tech sector. Netweb, known for its fully integrated design and manufacturing capabilities, is among 17 companies set to commence production this year under the PLI scheme. The approval underscores Netweb's commitment to expanding its manufacturing capabilities, having recently advanced its expansion plans to include a new state-of-the-art facility with Surface Mount Technology in Faridabad. This incentive is expected to further strengthen Netweb's position in the high-performance computing market.

 

Source: Reuters