PG Electroplast Limited (PGEL), one of India’s leading Electronic Manufacturing Services (EMS) providers, has signed a definitive agreement with PAX India, a subsidiary of PAX Global Technology Limited (HKEX: 327), to manufacture Point-of-Sale (POS) devices in India.

Under the partnership, PGEL will produce PAX-branded POS devices at its existing facilities, with commercial production expected to begin by the end of this year. This marks PGEL’s entry into the payments and fintech hardware segment, broadening its portfolio beyond consumer electronics into high-growth digital infrastructure solutions.

Leadership Comments:

Mr. Vikas Gupta, Managing Director – Operations, PG Electroplast Limited, said: “We are delighted to collaborate with PAX, a global leader in POS solutions, to support the Make in India initiative. With this step, PGEL becomes one of the few Indian manufacturers of POS devices, further diversifying our portfolio and strengthening our position in advanced EMS categories.”

Mr. Sanjeev Sandhu, CEO, PAX India, added: “India is one of the fastest-growing digital payments markets globally. Partnering with PGEL allows us to combine PAX’s technology leadership with PGEL’s manufacturing expertise, ensuring world-class, locally produced POS solutions that bring greater reliability and scalability to our customers.”

The collaboration enhances PAX India’s localization efforts while boosting efficiency and scale. It also aligns with the Government of India’s “Make in India” and “Digital India” initiatives by ensuring secure, reliable, and globally competitive POS devices are manufactured domestically to meet India’s growing digital payments demand.