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Indonesia Rejects Apple's $100 Million Investment Proposal

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Indonesia has rejected Apple's $100 million investment plan aimed at lifting a ban on iPhone 16 sales, stating the proposal lacks necessary 'fairness' as per government standards. Apple's failure to meet local investment regulations that demand 40% of phones be made from local parts led to this decision. Industry Minister Agus Gumiwang Kartasasmita highlighted that Apple has not invested in production facilities or factories in Indonesia.

JAKARTA – Indonesia has rejected an Apple US$100 million investment proposal aimed at lifting a ban on iPhone 16 sales, saying it lacks the “fairness” required by the government.model over Apple’s failure to meet local investment regulations requiring that 40 per cent of phones be made from local parts as the country seeks to boost investments from giant tech companies.

But Industry Minister Agus Gumiwang Kartasasmita said Apple had not met the government’s requirements, especially when compared with the tech giant’s investments in other countries.

 

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