Calculate your SIP ReturnsExplore

Netweb Technologies Inaugurates India’s Flagship High-End Computing Manufacturing Unit

13 May 20243 mins read by Angel One
Netweb Technologies inaugurates India's flagship high-end computing manufacturing unit in Faridabad, advancing "Make in India" and promoting innovation.
Netweb Technologies Inaugurates India’s Flagship High-End Computing Manufacturing Unit
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

On May 10, 2024, Netweb Technologies informed the exchanges about the inauguration of India’s flagship end-to-end high-end computing servers, storage and switch manufacturing unit. Today, the inauguration ceremony marked a significant advancement in strengthening the Government of India’s “Make in India” initiative at its newly established facility in Faridabad.

A leading technology solutions provider, Netweb Technologies, stated that the new manufacturing unit represents a comprehensive jump in manufacturing abilities for cutting-edge computing systems. It covers the entire spectrum, ranging from designing Printed Circuit Boards (PCBs) to surface mounting on PCBs and, finally, the production of complete systems. This showcases the country’s ability to create refined technology products. It also displays the company’s dedicated commitment to promoting innovation and strengthening self-reliance in India’s technology sector.

The new facility empowers Netweb to produce cutting-edge computing systems under the “Make in India” initiative, utilising state-of-the-art chips from technology partners Intel, NVIDIA, and AMD. Additionally, it facilitates product expansion into diverse industry sectors requiring advanced computing architectures.

The company further added that this facility is very well equipped to meet the ever-evolving needs of private clouds, compute data centres, AI Clouds, and, more specifically, AI workloads.

Sharing his thoughts at the inauguration, the CMD of Netweb Technologies, Sanjay Lodha, said, “We are thrilled to be at the forefront of India’s high-end computing systems manufacturing. This facility stands as a testament to the potential of Indian technology and our unwavering dedication to the ‘Make in India’ initiative.’ This paves the way for the design, development, and manufacturing of even more advanced products within India, thereby bolstering the country’s standing in the global technology market. The new facility will significantly enhance India’s capability to deliver comprehensive data centre computing solutions, covering everything from design to final product.”

The Honourable Secretary of the Ministry of Electronics and Information Technology, Shri. S Krishnan stated, “In our journey towards national resilience and technological sovereignty, we celebrate the milestone achieved by Netweb and its partners. The ability to design and manufacture high-end technology domestically is not just a matter of pride but a strategic imperative. This achievement underscores our capacity to excel in critical areas, ensuring end-to-end capabilities for vital applications. As we acknowledge this accomplishment, we must also recognise its significance in nation-building.”

He further added, “The Ministry of Electronics and Information Technology remains committed to fostering an environment conducive to innovation and growth. We stand ready to facilitate and ensure the timely implementation of policies that support such endeavours. Together, let us continue to pave the way for more homegrown successes, fostering healthy competition and driving progress for our nation.”

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage on Equity Delivery

Get the link to download the App

Send App Link

Enjoy Zero Brokerage on
Equity Delivery