After the explosions in Lebanon, the Indian government, in an appreciative move, expedited the restrictions on the use of foreign, especially Chinese-made, surveillance equipment in the country, that will favour the local vendors in the surveillance industry.
“The government’s policy on surveillance cameras is likely to come into effect on October 8, which will effectively eliminate Chinese players from the market, benefiting Indian companies.
CP Plus, which is an Indian company, will likely have no issues with the change. However, Hikvision and Dahua, which are Chinese and control more than 60 per cent of the market in India, are likely to experience a pseudo-ban and a drop in market share.
The United States, in 2022, banned the sale of equipment from Hikvision and Dahua due to “unacceptable risks to national security.