The Home Minister Mr. Sushilkumar Shinde has said that with the change of internal security scenario in the past decade, role of private security assumes great importance as the challenges have multiplied.

Inaugurating 22nd International Seminar organized by International Institute of Security and Safety Management in New Delhi on 22 September 2012, the Home Minister said with the ever increasing demand of Private security in view of increasing threat perception government was contemplating to give larger role to private agency. However "private security cannot do maintenance of law and order which is the job of the Police." Mr. Shinde said. Yet, there is always room for better interaction and coordination between the Police which is the arm of the government and private security agencies to meet the renewed challenges on internal security front including that of terrorism. "I was discussing with my officers the other day, why not involve private security agencies for interactions on internal security matters. Mr. Shinde briefly touched the demands of people engaged in private security agency particularly relating to the wages and provident fund. >

Complimenting the IISSM, the Home Minister said "I am glad that IISSM is giving training for the security personnel and officers which is a strength in combating threat including threat from terrorism. He assured IISSM of extending support and look in points raised by IISSM including effective implementation of PSRA Act.

The IISSM has requested the Home Minister to consider issuance of arm license to private security agencies. Mr. R C Sharma, (Chairman), Mr. R K Sinha (Executive Chairman), Mr. G B Singh, (President) and Lt. Gen. (Retd.) Prem Sagar, DG of IISSM welcomed the Home Minister.

The Union Home ministry has invited representative of International Institute of Security and Safety Management, New Delhi for discussion points raised at the international seminar held in New Delhi about role of private security in India. The IISSM has given a memorandum to Mr. Sushilkumar Shinde regarding problems facing the security industry.

Amendments of arms license act and effect implementation of PSARA Act of few of the points have risen in the memorandum. This was disclosed on Thursday by Mr. R. K. Sinha, Executive Chairman, IISSM.
The first panel discussion was on PSARA Act which was moderated by Sanjeev Srivastava, senior journalist former Editor of BBC India. The post lunch panel discussion was on Disaster Mitigation and Loss Prevention with Public Private Partnership. The moderator was Swapan Dasgupta, noted political commentator.

On the second day of three day seminar on Disaster Mitigation and Loss Prevention through Security, Safety and Fire Prevention A panel of experts discussed the issue of compliance issues and changing face of Indian private security industry. High GDP growth, challenging relationships with neighbors, outdated equipments and systems, increased spending on modernizing military capabilities and infrastructure, Focus on creating and enhancing support infrastructure, emerging public-private participation opportunities were deliberated at length in the seminar.

Mr. Chandan Mitra, MP and Editor-in- Chief, The Pioneer moderated the discussion while Ms. Aditi Phadnis of Business Standard was moderator of the discussion on Managing cash by banks in the post lunch session. It is a major area of security risk as it was recently witnessed in the major heist in Delhi. A vehicle carrying cash whether in an armed or an ordinary van is always vulnerable ambush by criminal. There has to be comprehensive security while carry cash and transit, said Mr. Uday Singh, CEO, SIS.
The corporate world today is concerned about increasing incidents of industrial espionage, a corporate fraud that is costing industry several hundred crores of rupees every year. It is not only of theft of data and business plan of rival industries but also planting spies in the competitors company. Speaking at concluding session of three days International seminar on Disaster Mitigation & Loss Prevention through Security, Safety & Fire Prevention, a panel of experts suggested involving code of conduct and ethics for private security agencies.

Mr. T K Arun, Editor ( opinion) of Economic Times and Uttam Sengupa, Deputy Editor of Outlook magazine were the moderator on the third and concluding session of the seminar.

Many delegates of across the country and from abroad wanted a proper status for private security agency which is not recognized as an industry. More than 30 Lacs people are employed in India as private security guards, inform Mr. R. C. Sharma, Chairman, IISSM in his concluding remarks.

Mr. R. K. Sinha, Executive Chairman, IISSM was of the view that people involved in private security agencies should take incentive in creating better professional environment to work as second line of defense for internal security. Lt. Gen. (Retd.) Prem Sagar, DG, IISSM stressed the need of the hour that was to focus on human relations. A better human relationship between the employees and employers will automatically raise the standard of service.

Participating in panel discuss on industrial fraud and corporate espionage experts from private detective agency like Mr. Garry Singh said that modern technology was a double age show while it enabled corporate world it also work as theft of data and business and rival companies. According to one estimate, more than 900 billion dollars are involved in corporate fraud in all worlds over.

As in every year, the competition for Annual Professional Awards was quite stiff. The winners in 2012 were as follows:

1. Best Security Professional of the Year - Col RS Bhandari(Retd), General Manager, Security & Exchange Board of India, Mumbai.
2. Emerging Security Professional of the Year - Mr Jitendra Vaidya, Executive Vice President - Infrastructure and Network Management, Yes Bank Limited , Mumbai.
3. Security Operations Manager of the Year – Mr. Shamanth P Gowda, Chamber of Security & Allied Services, Bangalore.
4. Best case Study Award - Col RS Bhandari(Retd), General Manager, Security & Exchange Board of India, Mumbai.

Some of the eminent speakers touching on various aspects of private sector security industry were like: