Indonesia said a $100 million investment proposal from Apple to build an accessory and component plant was not enough for the country to allow the tech giant to sell its latest iPhone model, its industry ministry said on Monday.

JAKARTA -- Indonesia says Apple's $100 million investment plan is not enough to end a sales ban on the iPhone 16 and that the company should consider investing in local manufacturing.

Apple Inc.’s proposal to invest $100 million in Indonesia hasn’t met “fairness” principles, a top government official said, signaling Jakarta may reject the offer and keep a ban on domestic iPhone 16 sales.

The Indonesian government is pushing Apple for a higher investment than its recently proposed $100 million before it will consider lifting

Indonesia's government has considered Apple's increased offer of $100 million of investment in the country, but reportedly wants more before it will lift its ban on the iPhone 16 range.

The amount the U.S. tech giant has offered is 10 times higher than an initial plan to invest $10 million and will be invested over the next two years.

Apple has significantly raised its proposed investment in Indonesia to $100 million, a tenfold increase from its initial $10 million

Apple's (AAPL) offer to invest $100M in Indonesia does not meet the "fairness" principles, to lift a ban on the sale of iPhone 16 models in the country.