Security industry to reach Rs 6,000 cr by 2010

New Delhi, Sept 23 (UNI) The country's security industry growing at 30 per cent year-on-year will touch Rs 6,000 crore by 2010 from the current size of Rs 2,000 crore, according to industry expert.

''A country with a population of over one billion represents a huge security market. Indian government has initiated modernisation of police and paramilitary forces and around 900 million dollars has been allotted for that,'' CMP South Asia, largest non-governmental organiser of trade fairs in Asia Managing Director M Gandhi said.

The high potential growth segments in the country are financial institutions, retail, housing, BPO and IT and ITeS industries, he added.

''There is a massive investment currently taking place in infrastructure as the country prepares to host the Commonwealth Games in 2010. The railways and 35 airports are all benefitting from significant redevelopment,'' Mr Gandhi said.

The first international event Info for security (IFSEC India 2007) will be held in the national capital next month, he said, adding that around 12,000 visitors will attend the event.

UNI