Maven settings.xml example to configure Local directory / Network directory as Repository.

settings.xml

<settings xmlns="http://maven.apache.org/SETTINGS/1.0.0" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
  xsi:schemaLocation="http://maven.apache.org/SETTINGS/1.0.0 https://maven.apache.org/xsd/settings-1.0.0.xsd">
  <profiles>
    <profile>
      <id>my-local-repo</id>
      <repositories>
        <repository>
          <id>network-drive-repo</id>
          <name>Test Local Repository</name>
          <!-- copy %USERPROFILE%\.m2\repository as following directory -->
          <!-- network drive 4 slashes -->
          <url>file:////vmware-host/Shared%20Folders/vmshare/m2-works/repository</url>
        </repository>
        <repository>
          <id>local-filesystem-repository</id>
          <name>Test Local Repository</name>
          <!-- local drive 3 slashes -->
          <url>file:///C:/opt/filesystem_m2/repositorynone</url>
        </repository>
      </repositories>
	

      <pluginRepositories>
          <!-- don't forget plugin repository -->
          <pluginRepository>
              <id>central</id>
              <url>file:////vmware-host/Shared%20Folders/vmshare/m2-works/repository</url>
              <snapshots>
                  <enabled>false</enabled>
              </snapshots>
          </pluginRepository>
      </pluginRepositories>
    </profile>
  </profiles>
  <activeProfiles>
  <activeProfile>my-local-repo</activeProfile>
  </activeProfiles>
</settings>