Over 100 plus brands showcase their Occupational Safety and Health as well as Safety and Surveillance technologies
Hyderabad, 27th June 2019: UBM India, India's leading exhibition organizer, commenced the 5th edition of the of Security and Fire Expo (SAFE) South India (27 – 29 June, 2019) and 6th edition of Occupational Safety and Health (OSH) South India (27 – 28 June, 2019) in Hyderabad. Held at the Hitex Exhibition Center, the expos brought together internationally renowned exhibitors, consultants, industry experts and key government officials on a single platform from the Indian and the international industries. The OSH South India was inaugurated by Sri U.V.V.S. Bhima Rao, Deputy Chief Inspector of Boilers, Govt. of Telangana; Sri M. Srinivasa Reddy, District Fire Officer-Hyderabad, Telangana State Disaster Response & Fire Services and Mr. Pankaj Jain, Group Director, UBM India Pvt. Ltd. whereas SAFE South India was inaugurated by Sri Krishna Yedula, Secretary, Society for Cyberabad Security Council along in the presence of Mr. Yogesh Mudras, Managing Director, UBM India Pvt. Ltd., and other key dignitaries from the Government and industry experts.
Growing urbanisation, coupled with retail boom and increased concerns regarding security of men, money and material has led to the growth of security market in India which is expected to reach INR 80,000 crores by the year 2020, growing at a CAGR of 20%. This growth is fuelled by creation of additional infrastructure like industrial complexes, public infrastructure, residential complexes and the humungous opportunity presented by government initiatives like ‘Smart Cities’ and ‘Make in India’.
Security services (Includes consulting, implementation, support and managed security services) revenue accounted for 61% of this total revenue in 2015, and this proportion will increase to 66% by 2020..
Security spending on hardware, software and services in India is on track to touch USD 1.69 billion mark by 2019
The government has also shown its commitment to enhance its security budget by 35 per cent, which includes creation of dedicated homeland security department, developing co-ordinated intelligence gathering, protecting critical infrastructure and upgrading maritime security.