Ebizwire: "Security Industry in India"
Ebizwire: "Security Industry in India"
Ebizwire: "Security Industry in India"
eBizWire
Vol . I Issue. VII, August 2012
Insight
Biz India News Biz Policy Updates The Indian Security Industry
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Business Idea of the Month StartBizIndia Discussion Platform Upcoming Business Summit Contact us
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Headlines
Coal India to invest Rs 7,500 cr on rail infrastructure in 3 States
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Legal Headlines
New Investment Scheme for QFIs
Relaxation:No more requirements for opening and maintenance of a single rupee pool bank account by the QDP and QFIs can henceforth invest in all eligible securities for QFIs through a single non- interest bearing Rupee Account.
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Investigation Services Manned Security Security Systems Security Assessment Fire Detection
Security Industry
Services
Systems
Major Players
G4S, SIS, Tops, SDB, Cisco, Peregrine, Checkmate, Premier, GI Security among others
Statistics
Globally, US$150 billion industry, which is quite huge Growth rate of 20% over past 10 years and would achieve a rate of 25% annually in future rd 1/3 spend on airport security Number of Security Companies: 15000 Number of Private Guards: 5.5 million approx.
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Services Sector:This sector by and large comprises of the manned guarding services and it dominates the Security industry in India. It has some giant players which operate nationwide through their regional and city offices. They even provide in-house training facilities and job orientation programmes. There are smaller companies as well but owing to the less funds available; the quality of their services cannot be compared.
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Gadgets used: CCTVs Access Control Systems Metal Detectors Security Doors Door Intercoms
Gadgets imported from different countries like Israel, China, Korea, UK and US Steps to start Business in India: Security
Numbers PAN & TAN Register under Labour laws Register under Shops & Establishment Act Get PSRA license
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Events Security Service India is a land of entertainment and Indians are obsessed with noise. Thanks to that, abundant concerts, programmes, shows and other public gatherings are organized throughout the country. But along with that, we also quite frequently hear about such events being cancelled. No prizes for guessing! Security of such huge mass of people is always an issue, sometimes solved and sometimes not. Terror threats, lack of security and subsequent chaos; is all it takes to turn a well planned event into a disaster. So much chaos and you expect a business opportunity here? No kidding! If you are a person who likes to network and has an impressive list of contacts, then this is the avenue for you. If you happen to know people in the entertainment industry, are on good terms with the police officials and are familiar with a slew of event organizers, then there you go! Relevant registrations and license is all you need and you can take it from there. What more? There are enticing prospects to expand to security guards services as well!
American consultancy, AFI International has offered to provide training to third-party private security officials of its clients. It first conducts an audit to figure out the weak areas in the training protocols of the client and then works on addressing the problems.
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The incentives are as follows:a. Exemption from customs/excise duties. b. Income Tax exemption on income derived from the business of development of the EOU in a block of 10 years in 15 years under Section 80-IAB of the Income Tax Act. c. Exemption from minimum alternate tax under Section 115 JB of the Income Tax Act. d. Exemption from dividend distribution tax under Section 115O of the Income Tax Act. e. Exemption from Central Sales Tax (CST) f. Exemption from Service Tax 100% FDI investment is permitted through Automatic Route. The suitable location is Noida, Uttar Pradesh in North India. Minimum investment in plant and machinery and building is Rs 100 lakhs (INR) for EOU. This should be before commencement of commercial production. In case of SEZ, there is no minimum requirement in terms of investment. The minimum capital requirements of forming a Private Limited Company are Rs. 1 Lakh (INR). In addition to this, the other costs will depend upon number of factors such as size of the business, location, land cost, etc. As far as applying for PAN card is concerned, NRI can apply for PAN in India by submitting certain documents to Income Tax Department
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National
Positioning Bengal Partnering for Growth, Development and Sustainable Security
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Contact Us
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Disclaimer: This paper is a copyright of Corporate Professionals (India) Private Limited. The entire content of this paper have been developed for the new startups. The author and the Company expressly disclaim all and any liability to any person who has read this paper, or otherwise, in respect of anything, and of consequences of anything done, or omitted to be done by any such person in reliance upon the contents of this paper.
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