REPUBLIKA.CO.ID, JAKARTA - Indonesia as potential market is getting popular among foreign investors including India. President of Federation of Indian Chambers of Commerce and Industry (FICCI), Naina Lal Kidwai said many Indian investors wanted to invest in Indonesia than in their own country.

"It is easier to invest here," Naina said recently in a meeting with FICCI's counterpart from Indonesia.

Many Indian companies have business relations with Indonesian small and medium enterprises. Unfortunately, good investment climate here is not supported by infrastructure feasibility. Regulation also becomes another major factor to think before investing in Indonesia. While infrastructur and supply do not support investment development. 

FICCI finds similarity between Indonesia and India, where local currencies depreciation also makes economic growth in becomes slower in both countries. Industry then respond it by focusing its effort to increaase exports and now India exports 62 to 80 percent of its products on IT to the United States. 

Meanwhile, Vice Chairman of Chamber of Commerce and Industry Indonesia (KADIN), Didie Suwondho said that India was a suitable parter to face ASEAN economic community in 2014. "We can start by establishing a joint venture. India have a strong sector in low cost IT.

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