The document discusses the security industry in India and abroad. It notes that India currently has over 5.5 million security guards employed across 15,000 companies, making it the largest corporate taxpayer. It also discusses India's Private Security Agencies Regulation Act of 2005, which aims to improve standards by requiring licenses and 160 hours of training. The security industry is growing rapidly at 40% annually due to infrastructure growth and more partnerships between Indian and international firms. Implementation of standards is inconsistent across India's states however.

1. Security Industry In India & Abroad
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2. 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.

3. 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.

4. 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.

5. 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.

6. Thank you