NewswireToday - /newswire/ -
Jakarta, Indonesia, 2010/11/11 - Frost & Sullivan hosted the region's Defense community at the IndoDefence 2010 Seminar on Thursday, November 11 at the JIExpo Kemayoran in Jakarta, Indonesia.
Over 300 C-suite, senior industry members from the defense and homeland security field participated at this full-day program.
The IndoDefence 2010 Seminar was organised in partnership with PT Napindo and the Centre for Security and Defence Studies (CSDS), will feature in-depth discussions on the market dynamics and technological perspectives of the industry via an exchange of insights and views of the many industry experts assembled at the conference.
"The defense industry will continue to grow in spite of the global economic slowdown," says Subhranshu Sekhar Das, Director-Asia Pacific, Aerospace & Defense Practice at Frost & Sullivan." Increased government spending, growing public awareness, and rise in private sector spending has contributed to the rising demand of homeland security products and services. These fundamentals will not only keep the industry thriving but will also prompt the industry to grow.
"Asia Pacific offers tremendous opportunity for growth. With ageing defense systems in this region, the importance of military upgrades and replacements has increased as modern land defense technology will drive the market for highly capable, reliable, and cost-efficient systems to protect against foreign and domestic threats," adds Das.
The summit revolved around the theme "Empowering the Defence Industry to Increase National Defence Capabilities" as Frost & Sullivan endeavours to provide ideas and analyses on the feasible growth opportunities and key challenges that are present in the defense market. Other sessions included comprehensive discussions of the industry's present situation whilst various challenges and issues faced by the industry are thoroughly examined. Practical and apt solutions to mitigate these issues and challenges will be shared with the participating delegates through interactive discussions.
Topics at the summit include current and future defense priorities, environmental defense, alternatives in defense procurement financing, the changing air defense trends and their impact on globalization, and overcoming procurement challenges in defense force transformation. The aim of these sessions is to promote intra-industry interaction and cross learning that maximises the knowledge and experience of all participating delegates.
Renowned thought leaders that presented at the summit include H.E. Prof. Dr. Ir. Purnomo Yusgiantoro, Minister of Defence, Republic of Indonesia and Admiral Agus Suhartono, SE, Commander in Chief of the Armed Forces, Republic of Indonesia, amongst others.
The IndoDefence 2010 Seminar was held in conjunction with the IndoDefence 2010 Expo & Forum, the 4th Indonesia's Official Tri-Service Defence Event. The summit was organized in partnership with the Centre for Security and Defence Studies (CSDS), the Department of Defence, Indonesia, and PT Napindo with support from Platinum Sponsor Damen Schelde Naval Shipbuilding and Gold Sponsor Rolls Royce.
For complete information on the summit please visit indodefence.com/.
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