As the present seventh edition of Indonesia’s tri-service exposition and forum is nearing completion, it can already be hailed as a great success and the country will be looking forward to exceeding participation in 2018.
The Indonesian Ministry of Defence (MoD) has reported a total of 844 companies taking part this year, an increase of about 25 per cent compared with the previous event two years ago.
Official delegations also increased considerably, up to 175 from 30 countries.
According to Brigadier General Jan Pieter Ate, a senior official at the MoD’s Directorate General of Defense Potential, which co-hosts the exhibition, 573 of these companies are from abroad while the rest are local. “The growth in the numbers is equal across both local and foreign companies,” said the Brigadier General, adding that the participation of international military firms in Indonesia’s defence procurement programmes will help to bolster the technical capabilities of local industries.
The Indonesian Armed Forces has a number of significant modernisation programmes planned across all its three branches.
The growing number of exhibitors at the Indo Defence exhibition is a reflection of growing defence spending in the country. Figures released by IHS Markit in October indicate that Indonesia will have the fifth fastest growing defence budget in the world between 2016 and 2025, with an annual compound growth rate of 4.7 per cent, equating to a spend of more than $20 billion on procurement activities over the period.