Indonesia Rejects Apple's US$100 Mln Investment for 2024-2026

JAKARTA, Nov 26 (Bernama-Xinhua) -- The Indonesian government has officially rejected Apple's US$100 million investment proposal for the 2024-2026 period, reported Xinhua.

"The Ministry of Industry considers that the proposal submitted by Apple does not meet the aspects of fairness," said Indonesian Industry Minister Agus Gumiwang Kartasasmita on Monday, adding that Apple's investment has not provided significant added value to the country's revenue or job creation.

The amount of investment is also considered unfair compared to the investments made by other foreign technology companies that have established factories in Indonesia.

The ministry plans to invite Apple representatives to discuss a new investment proposal and the outstanding commitment of US$10 million for the 2020-2023 investment period.

The government is opening space for negotiations to reach an agreement on Apple's investment in Indonesia so that Apple products, including the iPhone 16 series, can obtain certification and be officially marketed in Indonesia, said Agus. 

--BERNAMA-XINHUA