INDODEFENCE 2014 
With a surfeit of defence-related shows and conferences filling the calendar year, companies have the unenviable task of selecting those which offer the best possibilities for sales and an acceptable return on investment. A recent report by global management consultants McKinsey & Company clearly reached the conclusion that Southeast Asia offers the next growth opportunity in defence.
“Following a sustained period of positive growth,” the report states, “many Southeast Asian countries are building up military capabilities, with an eye toward better protection of their assets, especially the shipping lanes, ports and maritime boundaries that are critical to exports and supply chains. They also seek to defend their territorial integrity in the context of a fast changing security landscape.
“Modernisation and replacement of ageing fleets and equipment is also driving much of this spending growth. In addition, many countries are today focusing on strengthening their local industrial capabilities, in a bid to end their heavy reliance on foreign suppliers for imports and services. The demand for defence materiel and the gap in capabilities present many opportunities for companies, especially those willing to partner and enable local manufacturing and research and development.”
The report continues, “While defence spending for the region is growing, the scale and pace varies significantly from country to country. Indonesia, for instance, has more than doubled its spending in the past five years.”
This trend is reflected by the continuing growth of Indo Defence 2014 Expo & Forum, which has an impressive track record since the first staging of the show in 2004.
The figures for this year speak for themselves. More than 670 companies from 45 countries, 25 of which have their own pavilions, are participating. These include Australia, Azerbaijan, Belarus, Bosnia & Herzegovina, Brazil, Canada, China, the Czech Republic, France, Germany, India, Indonesia, Italy, Malaysia, Poland, Portugal, Russia, Singapore, South Africa, South Korea, the Netherlands, Turkey, Ukraine, the UK and the USA.
A record 18,000+ trade buyers, including 545 overseas delegates, have registered for this event. But these figures alone do not tell the whole story. Around nine of every 10 exhibitors have rated the quality of the previous show as having met or exceeded expectations.
As Southeast Asia’s largest economy, Indonesia is in the forefront in the region in bolstering its capability to protect shipping lanes, ports and maritime boundaries and has sharply increased its defence budget since 2010.
Alongside the exhibition, the defence ministry will hold seminars to discuss opportunities available for co-operation on defence with Indonesian companies, and the local regulations that need to be taken into account for a successful implementation. “We want to promote to the international community all aspects of our defence industries, including the regulations,” said Dr Timbul Siahaan, director general for defence potential, at a press conference before the show.
“The 2012 defence industry law states that Indonesian firms must control at least 51 per cent of a joint defence project, and the other 49 per cent can be in the hands of its foreign counterpart,” he added.
The law is part of Indonesia’s visionary strategy to fulfil its Minimum Essential Force (MEF) objective, designed to provide the country with a strong defence industry by 2024. Since being implemented in 2010 with financial backing of 100 trillion rupiah ($8.25 billion), Indonesia has reached 40 per cent of its MEF this year.
The country plans to buy more than a dozen Russian Sukhoi fighter jets and domestically made, missile-equipped patrol ships, as part of a $15 billion five-year campaign to modernise its military. The budget also includes around $1.5 billion for missiles and helicopter gunships, including 24 more Bell helicopters and 20 Sikorsky Black Hawks. Indonesia is also strengthening its military cooperation with Japan, Spain and Turkey.
Indo Defence 2014 is the perfect showcase to target local requirements and those in the wider Southeast Asia region.
With a surfeit of defence-related shows and conferences filling the calendar year, companies have the unenviable task of selecting those which offer the best possibilities for sales and an acceptable return on investment. A recent report by global management consultants McKinsey & Company clearly reached the conclusion that Southeast Asia offers the next growth opportunity in defence.“Following a sustained period of positive growth,” the report states, “many Southeast Asian countries are building up military capabilities, with an eye toward better protection of their assets, especially the shipping lanes, ports and maritime boundaries that are critical to exports and supply chains. They also seek to defend their territorial integrity in the context of a fast changing security landscape.
“Modernisation and replacement of ageing fleets and equipment is also driving much of this spending growth. In addition, many countries are today focusing on strengthening their local industrial capabilities, in a bid to end their heavy reliance on foreign suppliers for imports and services. The demand for defence materiel and the gap in capabilities present many opportunities for companies, especially those willing to partner and enable local manufacturing and research and development.”
The report continues, “While defence spending for the region is growing, the scale and pace varies significantly from country to country. Indonesia, for instance, has more than doubled its spending in the past five years.”
This trend is reflected by the continuing growth of Indo Defence 2014 Expo & Forum, which has an impressive track record since the first staging of the show in 2004.
The figures for this year speak for themselves. More than 670 companies from 45 countries, 25 of which have their own pavilions, are participating. These include Australia, Azerbaijan, Belarus, Bosnia & Herzegovina, Brazil, Canada, China, the Czech Republic, France, Germany, India, Indonesia, Italy, Malaysia, Poland, Portugal, Russia, Singapore, South Africa, South Korea, the Netherlands, Turkey, Ukraine, the UK and the USA.
A record 18,000+ trade buyers, including 545 overseas delegates, have registered for this event. But these figures alone do not tell the whole story. Around nine of every 10 exhibitors have rated the quality of the previous show as having met or exceeded expectations.
As Southeast Asia’s largest economy, Indonesia is in the forefront in the region in bolstering its capability to protect shipping lanes, ports and maritime boundaries and has sharply increased its defence budget since 2010.
Alongside the exhibition, the defence ministry will hold seminars to discuss opportunities available for co-operation on defence with Indonesian companies, and the local regulations that need to be taken into account for a successful implementation. “We want to promote to the international community all aspects of our defence industries, including the regulations,” said Dr Timbul Siahaan, director general for defence potential, at a press conference before the show.
“The 2012 defence industry law states that Indonesian firms must control at least 51 per cent of a joint defence project, and the other 49 per cent can be in the hands of its foreign counterpart,” he added.
The law is part of Indonesia’s visionary strategy to fulfil its Minimum Essential Force (MEF) objective, designed to provide the country with a strong defence industry by 2024. Since being implemented in 2010 with financial backing of 100 trillion rupiah ($8.25 billion), Indonesia has reached 40 per cent of its MEF this year.
The country plans to buy more than a dozen Russian Sukhoi fighter jets and domestically made, missile-equipped patrol ships, as part of a $15 billion five-year campaign to modernise its military. The budget also includes around $1.5 billion for missiles and helicopter gunships, including 24 more Bell helicopters and 20 Sikorsky Black Hawks. Indonesia is also strengthening its military cooperation with Japan, Spain and Turkey.
Indo Defence 2014 is the perfect showcase to target local requirements and those in the wider Southeast Asia region.
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