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Attracting More Foreign Investment in Indonesia Defence Industry
July 26, 2022

Attracting More Foreign Investment in Indonesia Defence Industry

Speaker

Dr. Ir. Jupriyanto

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Attracting More Foreign Investment in Indonesia Defence Industry
Speaker

Dr. Ir. Jupriyanto

Attracting More Foreign Investment in Indonesia Defence Industry

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Summary

In our latest webinar, Dr. Ir. Jupriyanto stated that a country must be careful when building its domestic defence industry as it will have a significant impact on the nation’s geostrategic position. In the case of Indonesia, M. Jupriyanto added that Jakarta needs a strong military power with sophisticated defence technologies to support its geostrategic position. To obtain these technologies, M. Jupriyanto argued that the government must also develop other sectors, including component manufacturers, which would eventually support the whole defence industry ecosystem.

Speaker

Rangga Jantan Wargadalam

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Attracting More Foreign Investment in Indonesia Defence Industry
Speaker

Rangga Jantan Wargadalam

Attracting More Foreign Investment in Indonesia Defence Industry

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Summary

In our latest webinar, Rangga Jantan Wargadalam of the Ministry of National Development and Planning revealed that the function of the defence industry is not only to build defence capabilities but also to contribute to the country’s economic growth through job creation and investment in national industries. Countries with higher defence spending, especially the developed ones, focus on developing the quality of their human capital, technology, and infrastructures, which eventually create a ‘safe’ and ‘encouraging’ environment for investment.

Speaker

Maj, Gen. (Ret.) Jan Pieter Ate

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Attracting More Foreign Investment in Indonesia Defence Industry
Speaker

Maj, Gen. (Ret.) Jan Pieter Ate

Attracting More Foreign Investment in Indonesia Defence Industry

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Summary

In our latest webinar, Maj. Gen. (Ret.) Jan Pieter Ate argued that Indonesia, as one of the largest militaries in Asia and even in Southeast Asia, is in dire need of Foreign Direct Investment (FDI) to fulfill its equipment and weapons requirements, especially since many are old and obsolete. By attracting FDI, M. Ate stated that Indonesia could create more value for its defence industry, such as by being a regional production hub and part of a global supply chain.

Speaker

Alman Helvas Ali

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Attracting More Foreign Investment in Indonesia Defence Industry
Speaker

Alman Helvas Ali

Attracting More Foreign Investment in Indonesia Defence Industry

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Summary

In our latest webinar, Alman Helvas Ali emphasised that Indonesia’s defence industry sector is open to foreign direct investment (FDI) with some restrictions on capital ownership. Nonetheless, based on the experience of other countries, such as India, Australia, the Philippines, as well as Thailand, ownership restrictions are not a factor that determines the success or failure of FDI in the defence industry. M. Ali further argued that in order to attract FDI, Indonesia must be able to overcome the challenges that the country often faces such as export licence and budget constraints.

Semar Sentinel