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| Security fair generates Rs 460 cr business |
| Press Trust of India / New Delhi Nov 16, 2009, 18:10 IST |
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International and domestic firms generated business of over Rs 460 crore selling latest security equipments, including CCTVs and intruder alarms, to Central and state security agencies and manufacturers.
The three-day exhibition held between October 29 and 31 on fire and security equipment held here recently saw gadget makers and suppliers signing a number of deals with the Indian security agencies generating business of over Rs 460 crore, organisers of the 3rd edition of commercial, homeland security and fire technology exhibition said here.
Around 11,557 security professionals from across the globe dealing in safety equipments displayed their high-end products during the exhibition, they said.
Companies like Panasonic, Samsung Electronics, Turbo, G4S, Honeywell, Hitachi Global storage technologies, Sony, Urmet were the main beneficiary to get a pie in the Indian security business estimated to be worth $600 million.
The systems which were displayed at the exhibition are armoured carriers, bullet proof vehicles, anti-riot gear, bulletproof clothing, night vision devices, surveillance and counter-surveillance equipment, radar tracking devices, electronic devices and wireless equipment.
According to a report commissioned by the British Security Industry Association, the security and fire market in India, estimated at around $530 million in 2007, is growing at a rate of about 25 per cent annually.
About 220 firms from 16 countries, including the US and UK, participated during the 'IFSEC India 2009' event.
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