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For the development of Nation’s Economy, it is essential to develop and work on various new ways of Technology transfer. It is a need of today to include innovative ideas to find out New horizons of Technology transfer. Innovation is a continuous process and attention should be given to make the Technology transfer more fruitful, cost saving and time saving. A dedicated technology transfer organization should be set up to facilitate and execute the process. Nation should be built up with new technologies and its implementation. It is important to remove the barriers for free flow of science and technology.