Archive · 12 Nov 2025
Federal Card Services Invests $250 Million in India, Opens Pune Facility
A company from the US called Federal Card Services is investing a lot of money, $250 million, to build a new factory in India.
This factory will make special credit cards that are either made of metal or from eco-friendly materials like wood or coffee grounds, instead of regular plastic.
They are choosing Pune, India, because it has smart people and good factories.
The factory will start making cards in early 2026 and hopes to create over 1,000 jobs.
This is like a big step for India in making new kinds of payment cards.
The company also has partners like Visa and Mastercard.
They want to make these cards in India not just for people in India, but also to send them to other parts of the world.
Federal Card Services (FCS) has entered the Indian market with a $250 million investment.
A new manufacturing facility for 100% metal and biodegradable payment cards is being set up in Pune, Maharashtra.
The company aims to create over 1,000 direct jobs and strengthen India's position in fintech and sustainable manufacturing.
Operations at the Pune facility, with an initial capacity of 2 million cards annually, are slated to begin in February 2026.
FCS partners with major financial players including Axis Bank, VISA, Mastercard, and FPL Technologies (OneCard).
- Who
- US-based Federal Card Services (FCS)
- What
- Announced entry into the Indian market with a $250 million investment to establish a manufacturing facility for metal and biodegradable payment cards.
- When
- Announced Tuesday, with operations expected to begin in February 2026.
- Where
- Pune, Maharashtra, India
- Why
- To leverage India's strong fintech ecosystem, engineering excellence, and manufacturing capabilities for sustainable innovation and global expansion.
Global Economic Factors
Indian Market Strengths
Manufacturing Location Strategy
Global Economic Factors
The company highlights Pune's connectivity to regional markets in Asia, the Middle East, and Europe as a strategic advantage for global distribution.
Indian Market Strengths
Federal Card Services also emphasizes Pune's strengths in talent availability and engineering excellence, indicating a focus on leveraging India's domestic capabilities.
- Company
- Federal Card Services (FCS)
- Investment
- $250 million
- Location
- Pune, Maharashtra, India
- Facility Type
- Manufacturing plant for 100% metal and biodegradable payment cards
- Job Creation
- Over 1,000 direct jobs
- Expected Start Date
- February 2026
- Initial Capacity
- 2 million cards annually
- Future Capacity
- Scaled up to 26.7 million cards annually
