Wednesday, October 22, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
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
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

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

ShareTweetShare

Related Posts

Ilumalofo 1024x143
Investment

Invest: Appiness adds iLumaLab to AI-CoE

by Fiinews
October 22, 2025
0
12

Acquisition is natural progression of expansion plans, says Viswambharan Appiness Interactive Private Limited, a Bengaluru-based strategic business consulting firm specialising...

Bhageria
Manufacturing

Manufacturing: Bhageria expands H-Acid capacity

by Fiinews
October 21, 2025
0
13

H1 net profit surged 83.28% to Rs.22.36cr Mumbai's Bhageria Industries Limited (NSE: INE354C01027) says H-Acid capacity expansion and the launch...

Mehai

Manufacturing: Mehai completes Rights Issue

October 21, 2025
11
PIB

Manufacturing: LCA and HTT-40 Lines inaugurated

October 19, 2025
13
Capemini

Invest: Capgemini acquires WNS for $3.3bn

October 17, 2025
13
Medbit

Manufacturing: MoD signs Rs.659.47cr rifle contract

October 16, 2025
12
SBI YONO
Sabit

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Technology: Impact of FinTech conferences on students and future opportunities in industry

    0 shares
    Share 0 Tweet 0

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.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Market: Dattax brings MariaDB to India
  • Invest: Appiness adds iLumaLab to AI-CoE
  • Manufacturing: Bhageria expands H-Acid capacity
  • Tech: British-Indian innovation for health
  • Manufacturing: Mehai completes Rights Issue

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.