Partnership20 Aug 2025, 10:23 am
PG Electroplast and PAX India Announce Strategic Manufacturing Partnership in India
AI Summary
PG Electroplast Limited, a leading Electronic Manufacturing Services (EMS) provider in India, has signed a definitive agreement with PAX India, a subsidiary of PAX Global Technology Limited, to manufacture Point-of-Sale (POS) devices in India. The partnership marks PGEL’s entry into the payments and financial technology hardware segment, expanding its presence beyond consumer electronics into high-growth digital infrastructure solutions. The collaboration is expected to strengthen PAX India’s leadership position by enabling greater localization, efficiency, and scale, and supports the Government of India’s ‘Make in India’ and ‘Digital India’ missions.
Key Highlights
- PG Electroplast and PAX India announce a strategic manufacturing partnership in India.
- PGEL will manufacture PAX-branded POS devices at its existing facilities.
- The partnership marks PGEL’s entry into the payments and financial technology hardware segment.
- The collaboration is expected to strengthen PAX India’s leadership position and support the Government of India’s ‘Make in India’ and ‘Digital India’ missions.
- PGEL becomes one of the very few companies in India to manufacture POS devices.