The American Chamber of Commerce in India (AMCHAM) recently declared that retail, food processing and real estate were the emerging sectors in India that can attract American small and medium enterprises into the country. The chamber is working towards encouraging the American SMEs to expand their relationship with India. According to Mr Ramesh C Bajpai, ED, AMCHAM, "Our attempt is to focus the attention of cost-effective SMEs to come and operate in India, as they are the driving force behind a large number of innovations and contribute to the growth of economy".
The Hindu New Delhi Edition January 23 2007