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Innovation is the key to progress for SMEs, due to globalization of business sectors with a higher contention condition, fast industrial changes and shorter item and innovation lifecycles, numerous organizations, particularly the SMEs are tending towards making innovation the key driver for competitive behaviour, Small and medium-sized enterprises (SMEs) are progressively perceived as focal supporters of innovation and assumed as a critical part in the economies of several nations, SMEs are a critical power for monetary improvement in India. In Italy, Japan and France, the SMEs consists 99% of the industries. In American subcontinent SMEs consists of 98% of the industries although the USA is famous for its big scale industries (Dadfar et al., 2013; Kapoor, 2016; Liu, Li, and Zhang, 2012).