Netweb Technologies India Limited has informed the Exchange regarding a press release dated April 03, 2025, titled "Netweb Technologies received PLI Incentive under IT Hardware Scheme 2.0".
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Netweb Technologies India Limited has received a government incentive under the Production Linked Incentive (PLI) scheme for IT Hardware 2.0. The company shared a press release dated April 03, 2025 with the stock exchanges about this development. The PLI scheme provides financial rewards to companies based on their manufacturing and sales performance of approved IT hardware products in India. Receiving this incentive indicates that Netweb has met the government's targets for local manufacturing and is now being rewarded for it.
This is positive news for shareholders as it brings additional revenue (incentive income) without adding to debt or dilution, and signals government validation of the company's domestic manufacturing capabilities under its Make-in-India aligned IT hardware business.