‘Security’ is an 
industry which is growing at a robust rate of 20-25% annually and is estimated to be Rs.750 billion strong. The growth of the private security industry is a factor of the demand and supply matrix. With the liberalization of trade, there was a concomitant increase in demand for protecting private property. Obviously as ever, the government was unable to meet the growing needs, added to that the government’s mis-governace in protecting law. Resulting thereon, there are now more than 10,000 small and large private security firms in a largely unregulated market.
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industry which is growing at a robust rate of 20-25% annually and is estimated to be Rs.750 billion strong. The growth of the private security industry is a factor of the demand and supply matrix. With the liberalization of trade, there was a concomitant increase in demand for protecting private property. Obviously as ever, the government was unable to meet the growing needs, added to that the government’s mis-governace in protecting law. Resulting thereon, there are now more than 10,000 small and large private security firms in a largely unregulated market.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2006
An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative
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