July 3, 2011
Finally a report one can keep close to one’s laptop for regular reference!
Sponsored by Assocham, Aviotech has done a brilliant job in outlining the background of the homeland security environment in India.
It points on unresolved issues relating to internal stability on the role, responsibility and jurisdiction of the Center versus States during disaster management and major outbreaks of communal violence, insurgency, or any other social conflict leading to prolonged and escalated disturbance.
Due to evolving nature of threats, the scope (HS) has evolved beyond policing and border management to include coastal surveillance, anti-insurgency, counter-terrorism, protection of sensitive infrastructures, cyber security and disaster management.
Some facts the report confirms:
- Corporates are likely to scale up their security budgets by 35-40%.
- According to the industry estimates, security installations for manufacturing hubs in sectors, such as petroleum, petrochemicals, and power will grow over 125% by 2012.
- The Indian GPS and Telematics market potential - $ 500 million.
- Banking & Financial Sectors security anticipated at $800 million
The report says projections for the next 5 years are anticipated to be several folds more.
The Homeland Security sector is poised for significant expansion resulting in a larger, more significant sector by volume of business as well as a sector that is expected to generate significant employment opportunities.
“Today just the private security segment employs more than six million people. This number is expected to increase significantly in the next 5-6 years. We estimate that including private security, Homeland security will create an additional 6 million jobs over the next 4-5 years,” says Rahul Gangal, Director.