Ministry of Industry Prepares Meeting with Apple Executives to Discuss Continuation of Investment

DIGIVESTASI - Minister of Industry Agus Gumiwang Kartasasmita stated that the Ministry of Industry will hold a meeting with senior Apple executives to discuss the continuation of the company's investment in Indonesia. The meeting is scheduled to take place from January 7 to 8, 2025.

Agus explained that Apple still has an obligation to complete an investment debt of USD 10 million, or approximately IDR 162.49 billion (at an exchange rate of IDR 16,204), which is part of their investment commitment for the 2020-2023 period.

“Apple still needs to fulfill the debt commitment of USD 10 million for the 2020-2023 cycle, although they have submitted a commitment proposal, the Ministry of Industry is still waiting for its implementation,” said Agus in an official statement on Friday (January 3, 2025).

He also added that, although Apple has conveyed proposals through third parties, the Ministry of Industry has yet to receive an official proposal from the company.

“Through other parties, Apple has already shared ideas regarding their proposals. However, because it was only an idea and was not directly submitted to us, we cannot consider it as a proposal, let alone an official one,” Agus explained.

As the next step, Agus said that the Ministry of Industry has provided two options to Apple if they wish to continue their investment in Indonesia. The first option is to follow Scheme 1, which involves building a production facility in Indonesia, negotiable through the Ministry of Investment.

The second option is Scheme 3, which focuses on innovation, with the condition that Apple must submit a proposal every three years. Negotiations for this option will be conducted through the Ministry of Industry.

“The government encourages Apple to choose Scheme 1, which involves investing in production facilities/factories. However, the Ministry of Industry reminds that the commitment to build a factory cannot be equated with a Global Value Chain,” Agus concluded.