NEW DELHI, Nov 4: Capital expenditure by Central and state government agencies on homeland security presents potential of 2.73 billion dollars for 2018-2019, a study said.
“Much of this potential is created due to police modernisation, critical infrastructure protection and counter terrorism efforts of the Government,” said the study titled ‘Modernisation of Homeland Security: Staying Safe in a Smart World’, jointly conducted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) and professional services firm KPMG.
Some opportunities are also present in the private sector and export markets, the report added.
In 2018, the budgetary allocation to Home Ministry was around 15.8 billion dollars, a growth of 10 per cent over the previous year. Around eight per cent (1.3 billion dollars) of the total budget has been allocated towards modernisation of homeland security forces and upgrade of current infrastructure.
The study also highlighted that while total budget earmarked by state governments for modernisation of state police forces and upgrade of state police infrastructure is 132 million dollars, an additional provision for security related expenditure of 332 million dollars has been made for left wing extremism-affected areas.
(UNI)
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