Heaptalk, Jakarta — US-based company Apple will reportedly visit Indonesia to discuss its ongoing investments, Minister of Investment and Downstream/Head of Investment Coordinating Board Rosan Roeslani says. However, specific details regarding which executives will meet with the Ministry of Industry representatives remain undisclosed.
“We will make an announcement soon. We are still awaiting their arrival, expected on January 7, 2025. Further details regarding the investment commitment will then be jointly shared with Apple.” Minister Roeslani conveyed, as cited in CNBC.
Indonesia’s President Prabowo Subianto previously approved a substantial investment of $16 trillion, approximately Rp1 billion, from the company led by Tim Cook. This decision follows Apple’s proposal to establish a manufacturing facility for AirTags on Batam Island, which is expected to create employment opportunities for around 1,000 workers.
As is known, the U.S.-based tech company had pledged only $10 million to establish a production facility for components and accessories in Bandung, West Java. Furthermore, Apple has proposed increasing its investment by US$100 million over two years, which is expected to lift the ban on selling the iPhone 16 in Indonesia.
Rosan also highlighted that Apple’s investment in Indonesia has been relatively modest. The Investment Coordinating Board (BKPM) is collaborating with the Ministry of Industry to encourage Apple to significantly increase its investment, particularly in developing a global supply chain and enhancing the domestic content level (TKDN) to at minimum 40%.
In addition to welcoming foreign investment from Apple, Indonesia has revealed its strategy to collaborate with Chinese business leaders to establish a joint venture to create a comprehensive fisheries network across Maluku and Papua. Spearheaded by Zhuhai Hongwan Ocean Fisheries, this endeavor is anticipated to attract investments totaling $460 million, complementing existing collaborations with US-based companies.
“They have submitted an informal letter and have already coordinated with the Ministry of Industry regarding industrial preparedness. Additionally, this investment effort is progressing in parallel with the Ministry of Investment and Downstreaming. I have emphasized that these are two interconnected processes moving forward together.” he conveyed.
