South Africa wishes to join Indonesia in developing strategic industrial cooperation. This wish surfaces when Paramount Group, a global-scale company that is engaged in defense industry with South Africa as its domain, visited Indonesia (5-6/6/2012).
“Paramount Group’s visit to Indonesia aims to discover any possibility of cooperation and partnership in the field of strategic industry with Indonesia and also mutually beneficial business and technical cooperation through technology transfer and research and development,” wrote a press release published by the Directorate of African Affairs of the Foreign Ministry.
Delegation of Paramount Group consisted of its Board of Directors and Managers and headed by John Craig, the company’s Under CEO.
During their visit to PT. Pindad and PT. Dirgantara Indonesia alongside the officials of the Directorate of African Affairs and economic function official of the Indonesian Embassy in Pretoria, the delegation stated that Indonesia has pretty enormous potential to specialize and expand its businesses in manufacturing military and security equipment.
In addition, it was mentioned that Indonesia had been actively involved in the peace keeping forces activity for global peace.
With such modality, Paramount Group seeks to expand its network access in industrial and technology cooperation with Indonesia. Furthermore, the company also wishes to make Indonesia as a basis for its industrial product development in Southeast Asia.
Responding to such proposition, the Board of Directors of PT. Pindad and PT. Dirgantara Indonesia said that Paramount Group is offering long term cooperation through an organized funding mechanism and does not solely focus on sale-purchase process or profits.
Therefore, this visit is a good first step into cooperation for Indonesia to expand its wings by jumping into an efficient strategic partnership with the right people. (Source: Directorate of African Affairs/Yo2k)