The Ministry of Industry of Indonesia stated on Monday that Apple's proposed $0.1 billion investment plan is not sufficient for the country to allow the tech giant to sell its latest iPhone models. Last November, Indonesia banned the sale of the Apple iPhone 16 because the company failed to meet the requirement that at least 40% of locally manufactured components should be included in smartphones sold domestically. Indonesian authorities announced last week that Apple has submitted an investment plan to lift the sales ban. Apple did not immediately respond to a request for comment.