The goal of any technical institution is to produce skilled, globally competent professionals through quality technical education and to prepare them for immediate employment. Industries engross these knowledgeable professionals and enhance their production capabilities by contributing to the latest technologies. To produce proficient graduates ready for the industry, it is necessary to know the requirements of the industries through industry-institute interaction. Hence, a good and vibrant industry institute interaction to promote education and entrepreneurship is definitely required. To build a good rapport between the industry and the institute, institutes should have a Memorandum of Understanding (MoU) with the industries.