“Originally published by Rakesh Tripathie on LinkedIn”
Today, Private Security Industry (PSI) is one of the largest job-creators in the country, employing more than 8.5 million people across the length & breadth of India. Growing at a consistent CAGR of around 20% for a decade now, the private security market is expected to touch INR 99, 000 crore-1.5 Lakh crore by the year 2022. Hence, as one of the crucial contributors to the nation’s economy, it’s critically important for the glooming industry to maintain its growth rate while also revving itself up in terms of governance and compliance.
The amendments in the Private Security Agencies Central Model Rules, notified by the Ministry of Home Affairs (MHA) are expected to push the private security agencies to operate in a well-organized, efficient, and compliant manner, thereby consolidating its presence as one of the mainstream private sectors in India. Taking an insider’s view of PSI, I believe that many of these amendments should address several pain points of the security companies.
A sharp focus on guard training & certifications
PSARA Model Rules 2020 stressed upon the proper 20-day training of security guards and The training of guards will be done under the National Skill Qualification Framework and the curricula of which will encompass physical fitness, physical security, the security of the assets, security of the building or apartment, personnel security, household security, fire-fighting, crowd control, etc. The PAN-India validity of training certificates obtained from a recognized training institute is a huge relief to our industry.
Training of agency owners as a credibility factor
The 6-day training of owners/MDs of private security agencies (PSAs) on subjects like internal security and disaster management is a strategic add-on. I believe that this training would not only open the spheres of knowledge advancement for the leaders but would also add a trust-factor/credibility to the agency.