Mumbai, Nov 11 (PTI) US-headquartered card manufacturing company Federal Card Services (FCS) on Tuesday announced its entry into India with a USD 250 million bet on the market, starting with a manufacturing facility in Pune.

The company aims to create 1,000 direct jobs in the country through its investment across technology, real estate and services verticals, as per an official statement.

The Pune plant will produce 100 per cent metal cards and biodegradable cards, it said, adding that being in Pune helps it on the talent front and also with easy connectivity with regional markets across Asia, the Middle East and Europe.

The company plans to start operations at the Pune facility in February 2026, it said, noting that the first phase of the 32,000 sq ft facility is complete and that it

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