– Federal Card Services (FCS), a global leader in premium metal and sustainable payment cards, today announced its entry in India with an investment of USD 250 million across its three core business pillars – technology, real estate, and services.

As part of this expansion, FCS is developing its first manufacturing facility in Pune, Maharashtra. The new plant will produce 100% metal cards and biodegradable cards, marking a major milestone in India’s growing fintech manufacturing ecosystem. FCS aims to strengthen India’s fintech supply chain and create over 1,000 direct jobs, integrating sustainable manufacturing practices that align with India’s ‘Make in India’ and green growth vision.

The selection of Pune as a strategic location is based on several factors: its proximity to Mumbai, the

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