Academia and industry are associated with each other and play a great role in a nation’s economy. The skilled graduates from various institutes are recruited by industries for their services and product development. The institutes has to administer the graduates with the skills of industrial requirements. This would be possible with a continuous interaction of academics with the industry. New research topics emerge out during the interaction between the two which benefit both academia and industry. An industry can therefore focus a part of their funds to help the research projects, setting up laboratories, update the curriculum, provide technical experts as guest faculty to have up to date skilled graduates in placements.