According to Union Home Secretary G K Pillai, the country loses more than 100,000 people every year in accidents. Apart from the human loss, the country also loses about Rs 10,000 crore in terms of compensation, insurance claim and related needs, he said.
Pillai gave example of private participation in traffic management in Bangalore where he said “there is a 20 per cent decline in fatalities in last two years saving 2,000 lives. ”
The top Home Ministry official said his Ministry had undertaken several ambitious projects like the Crime and Criminal Tracking Network and Systems (CCTNS) National Intelligence Grid and visa tracking system where tremendous opportunities were waiting for the private sector.
The Home Secretary asked private sector players to spend at least 5-7 per cent of their profits in R&D (Research and Development)to get cutting edge technology.
“I would like to say that in the internal security scenario, there is a huge market which is available for you,” he said at a seminar organised by Indian Chamber of Commerce here.
Though the top official did not specify the areas, the software development, innovation of new technology, supply of key security components are some of the possible areas where private sector may be invited to do business.
He said the safe city project was being started in 24 cities for the safety of the citizen.
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