Homeland security important for securing nation’s future: ASSOCHAM

Inaugurating the event,Kaarthikeyan said,“Terrorism is always changing. The way I am looking at terrorism today,is not the way I looked at it yesterday. Security is a very difficult topic. Security is everybody’s business. It will be achievable only with everyone’s cooperation,an intelligent policy,and consistent practices.”

The security industry,which has been growing in India at 25 per cent over the past 5-7 years,would achieve a growth rate of 125 per cent by 2012. India’s Private Security Agency (Regulation) Act of 2005 has also aided industry growth and it is expected to touch Rs 50,000 crore as security becomes top priority for India.

With the mushrooming of shopping malls,special economic zones,self-contained townships,IT parks and other exclusive facilities,demand for private security services in India is expected to soar over the coming years. The private sector corporates have increased their spending on safeguards after the Mumbai terror strikes,which have been repeatedly occurring in India. The industry body,ASSOCHAM says,that corporates are likely to scale up their security budgets by 35-40 per cent.

IFSEC India 2011 is aimed at bringing together under one roof the security experts from various industries including financial services,infrastructure,public safety,law enforcement retail,realty and hospitality – all searching for the latest products and services in the security market.

The participating companies include ADI,ANG India ,BGI,BOSCH,DVTel,Everfocus,FAAC,Godrej,Honeywell Security,LG,Matrix,Miscrosoft,Morpho,NEC and Panasonic. The exhibition also features special country pavilions from UK,USA,France,Sweden,Taiwan and China.