Security Industry In India & Abroad

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Security Industry Status in India

India currently has approximately 5.5 million security guards employed by about 15,000 security companies; as an industry, this sector is now the country’s largest corporate taxpayer, according to executive director of the Central Association of Private Security Industry.

India’s Private Security Agencies

India’s Private Security Agencies Regulation Act, 2005 (PSAR), was created to improve private security standards in the country by issuing licenses to security companies. It also sets minimum standards for security guards, such as 160 hours of training before deployment. CAPSI advises that providers view PSAR as a floor, not a ceiling, however. It recommends that security companies train guards for two months before deployment.

Partnership between India and Abroad

Partnerships are being formed between local providers and those located in Israel, Europe, and the United States. This is one positive development, India, recently formed a joint venture with Israel; the Israeli firm will provide advanced security training and consultancy services to its Indian partner.

American companies like AFI International are responding to the changed environment by offering to provide training to the third-party private security forces of its clients. Multinational companies try to maintain the culture of the area in which they operate, but that hasn’t worked in “areas that have a very lax or untrained security force or view of security like in India.

The Growth Of Industry

It is likely to continue to grow. Even before last year, the industry was experiencing an annual growth rate of 25 percent due primarily to the country’s infrastructure development. The association now estimates an annual growth rate of 40 percent.

Security in India is also inconsistent from state to state, because some have not yet adopted the PSAR. Under India’s legal regimen, each state must pass the PSAR in its legislature and then set up a controlling authority. Experts say the PSAR has been implemented in only 10 of India’s 28 states.

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