Industry observers said that the relaxed FDI norms will also aid in consolidation in the industry, which is highly unorganized. Mergers and acquisitions have been far and few in the sector which, according to a FICCI-Grant Thornton report, is expected to touch Rs 80,000 crore by the end of this decade, driven by increasing crime rates, shortage of police personnel, frequent terror attacks and growing urbanization. The last strategic deal happened in 2013 when the UK-based OCS acquired a stake in Central Investigation and Security Services.
Grant Thornton report
This article apeared in Times of India on 21th June, 2016