The paper presents in brief need and importance of synergy between higher & technical education and industry. Win-win game between industry and institute is very essential, to raise their respective performance to greater heights. If synergy is achieved then higher & technical education in India can hope to become globally competitive. India can then become a hub of education to attract students from foreign as desired by government. Synergy will also enable Indian industry to be competitive by world standards and enable India to become a developed country with high rank in the world. Now NEP-2020 recommends synergy between university & industry. Many conferences and seminars in India in the past have taken place. The progress is rather slow. The paper makes suggestions to bring synergy in practice. The paper is based on observations of the author during his personal visits to several universities in developed countries, like USA, UK. Germany and in India.