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Private Security Industry Conclave (PSIC) 2017

FICCI organised their fifth edition of PSIC on November 10, 2017 in New Delhi. PSIC is FICCI’s annual programme which aims to bring together experts from the Government, Industry, Controlling Authorities, user agencies, and other stakeholders to discuss and debate various policy and regulatory issues concerning the private security industry.

Dharmendra Pradhan, Minister of Skill Development and Entrepreneurship, Government of India, delivered the key note address during a Special Interactive Session and released FICCI-PwC Report on Private Security Industry.

Manjari Jaruhar, Chair, FICCI Committee on Private Security Industry and Former Special DG, CISF, said that the minimum qualification for becoming a constable in the police force was 12+, but the private security industry was providing employment opportunities to the youth at the grass root level, even to those who had completed only 7th or 8th standard.

In his theme presentation, Rituraj Sinha, Co-Chair, FICCI Committee on Private Security Industry and Group COO, SIS India Ltd., said that the private security industry was estimated to be INR 40,000 crore in terms of revenue with per annum growth of 18-20 per cent.

Session on Policy issues pertaining to Enforcement of (PSAR) Act, 2005 was chaired by Vivek Bhardwaj, Joint Secretary (Police Modernisation), Ministry of Home Affairs, Government of India. He addressed issues related to licences, verification, multiple regulations faced by the controlling authorities and also the PSAs pertaining to enforcement of PSARA.

Chairing ‘Minimum standards/ guidelines for cash logistics companies,’ O. P. Mishra, Additional Secretary – Home, Govt. of NCT of Delhi mentioned that the Draft SOPs for secured cash handling & transportation has been modified by MHA and that will be coming out soon. He indicated that it is important that the training certificate issued to the security guard by one state should be recognized by all other states. The session further underlined that the standards once notified will act as a common guideline for all the operators dealing in cash business.

Maj. Mandeep S. Garewal, Managing Director & Principal Consultant, Force Tech Security, as the chair of the panel on foreign investment gave a historical background on FDI scenario pertaining to the private security industry. The panel presented mixed views on the subject.

The conference was attended by more than 120 delegates.


There is a huge gap between private security industry and skill development ministry that needs to be attended. The private sector should consider and encourage Recognition of Prior Learning (RPL) where private security workforce would be skilled, upskilled, and provided certification without any financial implication

– Dharmendra Pradhan
Minister of Skill Development & Entrepreneurship,
Government of India



The sector offered great employment opportunities as every year 3-5 lac new jobs are being created here. Besides, the categorization of private security workers as skilled and highly skilled workforce has benefitted the industry

– Rituraj Sinha
Co-Chair, FICCI Committee on Private Security
& Group COO,SIS India Ltd.



There is a need to make skilling robust for private security sector as it is lagging behind. The government
should authorize more institutes to skill and upgrade manpower in the private security sector

– Manjari Jaruhar
Chair, FICCI Committee on Private Security
& Former Special DG, CISF


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