Mumbai, Aug. 20 -- Under the arrangement, PGEL will produce PAX-branded POS devices at its existing facilities, with production expected to begin by the end of this year. The agreement marks PGEL's entry into the payments and fintech hardware segment, expanding its presence beyond consumer electronics into high-growth digital infrastructure solutions.

Vikas Gupta, managing director of operations of PG Electroplast, said, "We are proud to partner with PAX, a global leader in POS devices, to bring advanced digital payment solutions to India under the Make in India initiative. With this partnership, PGEL becomes one of the very few companies in India to manufacture POS devices, further diversifying our portfolio and reinforcing our commitme...