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Abstract
The aim of the paper is clearly to discuss about the interaction between industry and institutions of India in regard to the education and entrepreneurship with the present technologically reforming world. As today India plays a major role in the rapid change of technology, the developments at various fields of technologies are due to the contribution of both industry and academia of the country. The industry and institution are interdependent on each other for new inventions and discoveries to meet the demands of the present problems of the society. It is a fact that to generate more employment and to create more innovation industry and institution go by hand to hand and cooperate with each other. This would be an important factor in making the economy of the country more strong. Both industry and institution play a vital role in the development of the entrepreneurship and country.