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Apple Proposes to Invest $10 million in Indonesia to Remove iPhone Ban: Report

Apple is reportedly planning to invest almost $10 million in Indonesia amid the ban on iPhone 16 and Watch Series 10 in the country.

According to a Bloomberg report, Apple's investment plan involves a factory in Bandung, southeast of Jakarta in partnership with a list of its suppliers. The factory would make accessories and components for Apple gadgets.
Apple has submitted the proposal to the Ministry of Industry and is expected to reach a decision soon, the report said.
In October, the Indonesian government banned the sale and usage of Apple's latest iPhone 16 series lineup and Apple Watch series 10 citing unfulfilled investment promises by Apple.
The tech giant committed to invest IDR 1.71 trillion in the country but they invested only IDR 1.48 trillion. Due to this, the International Mobile Equipment Identity (IMEI) certification, which is necessary for sale of devices in the country, was withheld by the Indonesian Ministry of Industry.
The Domestic Component Level certification is necessary for foreign companies to do sales in Indonesia and this is achieved through local manufacturing or establishing Research & Development facilities. To receive the certification, foreign companies should meet the requirement of at least 40 per cent of local parts. As Apple did not meet the requirements, its certification process was hindered.
( Source : Deccan Chronicle )
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