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Indonesian officials are set to meet with Apple representatives today (7 January) to discuss the company’s investment proposal, according to local ministers. Apple hopes to reach a deal that will allow it to sell iPhone 16s in the country’s huge market after it was banned last year for not complying with local production rules.
You are viewing: Indonesian officials to discuss Apple investment proposal
Indonesian regulations mandate that smartphones sold in the country must contain at least 40% locally made parts. In late 2024, the government banned the sale of Apple’s latest iPhone 16 for failing to meet this local production threshold.
Apple upped its investment offer from $10m (Rp161.55bn) to $100m as officials urged them to open local manufacturing plants. The updated proposal included building a facility in Bandung, West Java.
The country rejected the updated proposal as Industry Minister Agus Gumiwang Kartasasmita said the new proposal had “not met principles of fairness”. He compared the offer to investments the tech giant has made in neighbouring countries like Vietnam and Thailand, which total billions of dollars.
At the time, Agus pointed out that Apple had an outstanding investment commitment for $10m that should have been completed by 2023.
Last year, Indonesian officials said Apple had offered to invest $1bn in a manufacturing plant that would contribute to smartphone production.
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By GlobalData
While Agus did not recently confirm the figure, he said hypothetically “if it is $1bn, it is not sufficient”.
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Category: News