JMGT_V12_N1_RP3 K.S. Sekhara Rao V. Sri Divya Journal on Management 2230–715X 12 1 15 24 Technology, Technology Transfer, Manufacturing Sector, Globalization, Cost Effective, Vertical Technology Transfer, Horizontal Technology Transfer, India Technology is an embody of backbone for national growth. Technology advancement and its effective results impact directly on the economic development. The technology transfer only makes the countries to become more vibrant. Globalization is a phenomenon for technology transfer among different countries. Technology transfer is the flow of knowledge or process of technology from one country to another country. It includes flow of skills, values, organization and capital from the point of generation to the site of adaptation and application. In today's modern era, businesses were been keen on profitable exploitation through the appropriate technology transfer. Global competitiveness drives the organization for technology transfer as a reliable source for noteworthy upshot and making profit out of it. The headway of technology transfer in manufacturing sector in India has been magnifying with potential prerequisite. The industries in India has been upgrading with technology transfer in order to sustain in market with the competitive edge. In view of this, the study would throw a light on the technology transfer and its impact on the development of manufacturing industries in India. This study has identified the variables that affect the technology transfer and acts as a control measure in the implementation for the successful technology transfer. June - August 2017 Copyright © 2017 i-manager publications. All rights reserved. i-manager Publications http://www.imanagerpublications.com/Article.aspx?ArticleId=13566