IFSEC India 2009 generates Rs 460 cr business

17 Nov 09

The three-day international security exhibition, IFSEC India 2009, held between October 29 and 31 on fire and security equipment at Pragati Maidan, New Delhi saw gadget makers and suppliers signing a number of deals with the Indian security agencies, according to news agency PTI.

The agency reported that the event generated business of over Rs 460 crore, according to organisers of the 3rd edition of commercial, homeland security and fire technology exhibition.

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 IFSEC India 2009 were armoured carriers, bullet proof vehicles, anti-riot gear, bullet-proof 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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