Indonesia’s state-owned defence equipment maker Pindad to spend $365.65m on product expansion

Indonesia’s state-owned defence equipment maker Pindad to spend $365.65m on product expansion

From Freedigitalphotos.net by Gualberto107. Image ID: 100186023

Indonesian state owned military equipment producer PT Pindad is planning to spend around Rp 5 trillion ($367.65 million) to further develop its existing products as well as start new business lines in the next three years. The move has been undertaken in response to growing demand for its products from both the domestic market and abroad.

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