NIFTY 50 22,874.85 Down stock -70.45 (-0.31%)
NIFTY 100 23,299.15 Down stock -32.25 (-0.14%)
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NIFTY FMCG 52,296.30 Down stock -184.20 (-0.35%)
NIFTY IT 40,831.90 Down stock -632.45 (-1.53%)
NIFTY MEDIA 1,487.75 up stock 15.10 (1.03%)
NIFTY METAL 8,318.70 up stock 63.10 (0.76%)
NIFTY PHARMA 20,757.70 Down stock -211.50 (-1.01%)
NIFTY PRIVATE BANK 24,659.20 up stock 158.60 (0.65%)
NIFTY REALTY 842.65 up stock 10.60 (1.27%)
NIFTY OIL & GAS 10,017.00 up stock 44.95 (0.45%)
NIFTY COMMODITIES 7,809.05 up stock 27.20 (0.35%)
NIFTY ENERGY 31,083.85 up stock 234.80 (0.76%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
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NATURALGAS 177.5 Down stock -0.30 (-0.17%)
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MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)
NIFTY 50 22,874.85 Down stock -70.45 (-0.31%)
NIFTY 100 23,299.15 Down stock -32.25 (-0.14%)
NIFTY 500 20,656.95 up stock 45.55 (0.22%)
NIFTY MIDCAP 50 14,082.95 up stock 86.20 (0.62%)
INDIA VIX 15.58 Down stock -0.09 (-0.52%)
NIFTY MIDCAP 150 18,541.50 up stock 165.65 (0.90%)
NIFTY SMALLCAP 50 7,469.95 up stock 123.95 (1.69%)
NIFTY BANK 49,336.25 up stock 248.95 (0.51%)
NIFTY AUTO 21,730.50 Down stock -88.40 (-0.41%)
NIFTY FMCG 52,296.30 Down stock -184.20 (-0.35%)
NIFTY IT 40,831.90 Down stock -632.45 (-1.53%)
NIFTY MEDIA 1,487.75 up stock 15.10 (1.03%)
NIFTY METAL 8,318.70 up stock 63.10 (0.76%)
NIFTY PHARMA 20,757.70 Down stock -211.50 (-1.01%)
NIFTY PRIVATE BANK 24,659.20 up stock 158.60 (0.65%)
NIFTY REALTY 842.65 up stock 10.60 (1.27%)
NIFTY OIL & GAS 10,017.00 up stock 44.95 (0.45%)
NIFTY COMMODITIES 7,809.05 up stock 27.20 (0.35%)
NIFTY ENERGY 31,083.85 up stock 234.80 (0.76%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)

Updated 19:03 IST, November 1st 2024

Indonesia bans sale of Google's Pixel phones after blocking Apple's iPhone 16

Indonesia said it has banned sales of smartphones made by Alphabet's Google due to rules requiring the use of locally manufactured components, days after blocking sales of tech giant Apple's iPhone 16 for the same reason.

Reported by: Thomson Reuters
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Google Pixel | Image: Unsplash

Indonesia said it has banned sales of smartphones made by Alphabet's Google due to rules requiring the use of locally manufactured components, days after blocking sales of tech giant Apple 's iPhone 16 for the same reason.

Indonesia blocked sales of Google Pixel phones because the company has not met the rules which necessitate certain smartphones sold domestically to contain at least 40% of parts manufactured locally.

"We are pushing these rules so that there's fairness for all investors in Indonesia," Febri Hendri Antoni Arief, industry ministry spokesperson, said on Thursday. "Google's products have not adhered to the scheme we set, so they can't be sold here."

Google said its Pixel phones were currently not officially distributed in Indonesia.

Febri said consumers can buy Google Pixel phones overseas, so long as they pay the necessary taxes, adding the country would consider deactivating the phones that are illicitly sold.

The block comes a week after Indonesia said it had blocked the sales of iPhone 16 domestically, also for not meeting local content rules.

Companies usually increase the use of domestic components to meet such rules through partnerships with local suppliers or by sourcing parts domestically.

Google and Apple are not among the top smartphone makers in Indonesia. The top two smartphone makers in the first quarter of 2024 were Chinese firm OPPO and South Korean firm Samsung , research firm IDC said in May.

Indonesia has a huge, tech-savvy population, making the Southeast Asian nation a key target market for tech-related investment.

Bhima Yudhistira, director of the Center of Economic and Law Studies think tank, said the move was "pseudo" protectionism that hurts consumers and impacts investor confidence.

"This creates a negative sentiment for investors looking to enter Indonesia," he said. 

Published 19:03 IST, November 1st 2024