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Industry

Indonesian defence firms secure export support

08 February 2017

The Indonesian Export Financing Agency (IEFA) - also known as the Indonesia Eximbank - has said it will support the country's biggest state-owned defence manufacturers' efforts to expand in international markets.

In an investor conference in Jakarta on 7 February, Susiwijono Moegiarso, IEFA's executive director, confirmed that aerospace company PT Dirgantara Indonesia (PTDI), naval shipbuilder PT PAL, and land systems specialist PT Pindad would all receive export credit support.

In comments reported by national news agencies, Moegiarso said that IEFA had ring-fenced an initial IDR2 trillion (USD150 million) for the export promotion project, which will be offered to potential customers in a bid to secure military exports.

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