US-Based Federal Card Services to Enter India with $250 Million Investment

Federal Card Services (FCS), a card manufacturing company based in the United States, has announced plans to enter the Indian market with an investment of $250 million. As per the news reports, the company will set up its first production facility in Pune, marking its expansion into Asia.

Facility and Operations

The Pune unit will cover an area of 32,000 sq ft. The first phase of construction is complete, and the company is currently carrying out equipment setup and employee training. Commercial production is expected to begin in February 2026.

FCS said the plant will initially manufacture around 2 million cards annually, which will later be expanded to 26.7 million cards per year. The Pune facility will produce metal and biodegradable payment cards.

Employment and Local Investment

The company stated that the project will create around 1,000 direct jobs across technology, services, and related functions. The investment will include spending across manufacturing, infrastructure, and support operations in the region.

The company’s product range will include biodegradable cards made from renewable materials such as certified wood, coffee fibre, and other plant-based components. These are designed to serve as alternatives to conventional PVC cards.

FCS said Pune was chosen due to its availability of skilled talent and connectivity to other regions in Asia, the Middle East, and Europe. The facility will also serve as a base for exports to international markets.

Partnerships and Global Operations

The company already works with Axis Bank, VISA, Mastercard, and FPL Technologies (OneCard). Headquartered in Miami, FCS operates a research and development centre in Ireland and another manufacturing facility in Ohio. It is currently the second-largest company globally in the premium card manufacturing segment by installed capacity and patent portfolio.

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Conclusion

With its Pune facility, Federal Card Services begins its India operations, targeting production and export of sustainable and metal payment cards starting in 2026.

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