US-based technology firm, Apple Inc., plans to establish a research and development (R&D) centre in Indonesia, a minister said here on Friday.
The company's management officers came into Indonesia and held talks with the government over the plan, Xinhua quoted Indonesian Information and Communication Minister Rudiantara as saying.
The minister said Apple Inc. has successfully developed such a plan in Brazil and wants to do so in Indonesia.
"Apple officers proposed the investment model in Brazil to be implemented in Indonesia. They plan to build R & D centre in Indonesia," he said at Graha XL building.
Rudiantara said further discussion with Apple will be conducted over the local content requirement.
Indonesian President Joko Widdo has scrambled to invite more foreign investors into the country by easing rules and improving investment climate.
Indonesia is home to over 250 million populations with growing middle class and emerging wealth, making it one of the world's biggest markets.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
