Date: 28 February 2009
State arms producer PT Pindad on Friday officially handed over 20 armored personnel carriers (APC) to the Indonesian Military through the Defense Ministry in Bandung, East Java, Antara reports.
The ceremony was attended by Pindad president director Adik Avianto Sudarsoan and Defense Ministry infrastructure director Rear Marshall Eris Herriyanto.
The six-wheeler medium APCs are the first installment of 150 medium APCs, worth a total of more than Rp 1 trillion (US$84 million), ordered by the government in 2007.
In his speech at the ceremony, Eris said the Defense Minister Juwono Sudarsono expected Pindad would not to take long to deliver the second installment.
Manufacturing APCS locally is a government program aiming at overcoming the “old weaponry” problem that has long troubled the Indonesian Military.
Pindad has received loans from state-owned Bank Mandiri, Bank BNI 46 and Bank BRI to pay for the manufacture of the vehicles.
Comment: Although this report states 150 of these vehicles will be supplied the government of Indonesia recently slashed this requirement to just 40 units due to the economic crisis. Nonetheless, this is a fine achievement by Pindad and a result of an effective partnership with France’s Renault.
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Tags: China, Economy, Indonesia, Procurement, Russia