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Govt expects Apple to up investment commitment to $1 billion
Investment and Downstream Minister Rosan Roeslani said on Tuesday that he was looking to get Apple’s written commitment within a week.
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Next big thing: Customers queue to purchase the newly launched iPhone 14 at an Apple store in Hangzhou, in China's eastern Zhejiang province on Sept. 16, 2022. (AFP/-)
T
he government is expecting Apple Inc. to make a US$1 billion investment commitment amid the country’s ban on sales of the new iPhone 16 in Indonesia.
Investment and Downstream Minister Rosan Roeslani said on Tuesday that he was looking to get Apple’s written commitment within a week.
“God willing for the first stage, I will get a written statement from [Apple] for an investment of $1 billion. [...] Hopefully within the next one week I will get that commitment,” Rosan on Tuesday told lawmakers of House Commission XII, which oversees investment.
Apple previously made a $100 million investment bid in late November, but it has failed to convince the government to revoke the ban.
That figure already marked an increase from a previous proposal of $10 million in early November after the government first barred the new iPhone model from entering the country’s market.
Read also: Indonesia balks at Apple’s $100m investment plan, seeks better deal
Rosan went on to say that Apple’s investment in Indonesia remained “minuscule” while it has reaped great benefits from the sales of its products in the country, justifying the need for a greater investment.
