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Home Investment

Govt spends $3bn on potential for homeland security

Fiinews by Fiinews
November 4, 2018
in Investment, Manufacturing, Special Reports
Reading Time: 2 mins read
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Study sees potential of security exports

 

Capital expenditure by central and state government agencies on homeland security presents potential of US$2.73 billion for the year 2018-2019, noted a just-concluded ASSOCHAM-KPMG joint study released on 3 Nov 2018 in New Delhi.

“Much of this potential is created due to police modernisation, critical infrastructure protection and counter terrorism efforts of the government,” said the study.

Some opportunities are also present in the private sector and export markets, added the report titled, ‘Modernisation of Homeland Security: Staying Safe in a Smart World,’ jointly conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and professional services firm KPMG.

In 2018, the budgetary allocation to Ministry of Home Affairs (MHA) was around US$15.8 billion, a growth of 10% over the previous year. Around eight per cent (US$1.3 billion) of the total budget has been allocated towards modernisation of homeland security forces and up gradation of current infrastructure.

The study also highlighted that while total budget earmarked by state governments for modernization of state police forces, and up gradation of state police infrastructure is US$132 million, an additional provision for security related expenditure (SRE) of US$332 million has been made for left wing extremism (LWE) affected areas.

Further, the ASSOCHAM-KPMG study stated that increased government spending on infrastructure development and modernisation is the need of the hour as state and central police forces are facing multiple challenges.

“With increased allocation of funds to homeland security, there is a pressing need for overhauling its physical, procedural and technological architecture, to address new and emerging threats.”

Some of the issues in India’s homeland security sector are – emerging security threats due to use of smart technologies, greater exposure to terrorism threat, inconsistent information collection and sharing, and poorly equipped and trained state security forces.

The study thus suggested leveraging technological advancements to mitigate rising security challenges and ensure greater public safety using recent trends in technological innovation for homeland security – policing using social media analytics, biometric passenger screening at airport, use of unmanned surveillance aircraft, computerised behavioural pattern recognition and advanced detection devices.

It also recommended greater private sector participation for enhancing public safety. “Innovative private technology sector can deliver optimal results by securing nation’s interests, and creating India’s first internal security market, which will address long-term issue of imports of security equipment.”

The report further said that private sector possesses a wide range of capabilities and assets that can be harnessed to enhance preparedness against security threats. fiinews.com

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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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