"Netweb Technologies Inaugurates New Manufacturing Facility in Faridabad; Stock Closes Lower"

Netweb Technologies India Limited has unveiled its cutting-edge computing server, storage, and switch manufacturing unit in Faridabad. This flagship facility has commenced commercial production, marking a significant milestone for the company and promising to generate local employment opportunities, thereby boosting economic growth in the region.

Equipped with advanced manufacturing capabilities, including PCB design and Surface Mount Technology (SMT) lines for high-end servers, storage, and switches, the facility positions Netweb to produce top-tier computing systems under the 'Make in India' initiative. These systems, leveraging the latest chips from technology giants like Intel, NVIDIA, and AMD, are tailored to serve diverse industry verticals.

Sanjay Lodha, the Chairman and Managing Director of Netweb Technologies, expressed pride in the facility, stating, "This establishment underscores the immense potential of Indian technology and our steadfast commitment to the 'Make in India' vision. It opens doors for the design, development, and manufacturing of even more advanced products domestically, thereby elevating India's stature in the global technology arena. The new facility will significantly bolster India's capacity to provide comprehensive data center computing solutions, spanning from conceptualization to final product delivery."

HBL