Internal and external threats have prompted the Government to focus on the modernization and up grading of the country’s security infrastructure. India’s homeland security market, which is estimated to be worth US$15 billion by 2017, has witnessed an overwhelming response from key global security companies.
In the light of these developments, FICCI and the Embassy of Israel, along with the Israel Export Institute and the Foreign Trade Administration, Ministry of Economy, Govt. of Israel, hosted a delegation of Israeli Homeland Security companies in New Delhi on May 14, 2015. The importance of the event could be perceived from the enthusiastic participation of Indian companies for Business to Business (B2B) meetings, which were mobilized by FICCI. In the area of security, Israel is seen as a leader and a number of Israeli companies have been looking at the Indian market very seriously for a meaningful cooperation.
Some of the key homeland security companies that visited India include DSIT Solutions, ESC Baz, LiveU, NICE, Opgal and Protract. These companies have interest in areas like, sonar & acoustic solutions, surveillance systems and solutions, electro-optic and electronic system designs, IP-based live video services and broadcast solutions, communication interception and analysis, thermal imaging safety systems, computerised vision and video content analysis software products. There were more than 150 B2B meetings organised with Indian counterparts. Such interaction was well received by both the sides. Some of the key Indian companies include, L&T ECC, BHEL, Tata Power, Tata Technologies, Mahindra Defence, ONGC, BHEL, NTPC, Delhi Metro, and Hero Corp. to name a few.
FICCI has been playing an active role in Homeland security. This initiative is a precursor to the FICCI’s annual programme with the theme “Safe and Smart City”, to be organised in August 2015.