Weapons manufacturer Pindad diversifies businesses State-owned weapons manufacturer PT Pindad is continuing to diversify its businesses with its latest plan to develop commercial defense entertainment and to construct hospitals and hotels on a 10-hectare plot of land in the West Java capital of Bandung.
“We have a plan for a 10-ha plot of land that we own. We want to develop a commercial military destination, equipped with a commercial shooting area, paint ball, tank-riding entertainment, among other things,” said Pindad president director Abraham Mose in Bandung on Tuesday as reported by kompas.com.
He said the company would also construct a seven-story hospital and a hotel with between 200 and 300 rooms.
Abraham added that currently his company was still inviting investors to finance the projects, although there was an offer from an investor to put Rp20 billion (US$1.45 million) into the project.
He said he was now also negotiating with the investor to get a better investment plan to ensure that it would be profitable for the company.
The project will be discussed in a shareholders meeting in July or August.
Apart from producing weapons as its core business, Pindad is also developing its industry products unit for manufacturing equipment such as escalators, generators and tractors. Weapons manufacturer Pindad diversifies businesses (bbn, The Jakarta Post)