News on Medial

Apple’s $1 Billion Investment May Be Fleeting Win for Indonesia

Livemint · 6m

Indonesia's manufacturing growth may be hindered by its protectionist policies, despite the country's recent victory in securing a $1 billion investment from Apple. While Indonesia is aiming for high-income economy status by 2045, analysts warned that its use of domestic content requirements could deter foreign investors and raise costs. The policies could also create obstacles for foreign investors as technology advances and the domestic manufacturing capacity struggles to keep up. In contrast, countries like Vietnam and India are offering tax incentives and more favorable conditions for companies looking to produce for export.