The National Education Policy (NEP) 2020 focuses on making a revolution in the educational sector of India with the main aim to consolidate expertise in higher education. The objective of this consolidation is to bridge the knowledge gap existing between industry and academia, be aware of the ever-changing market. It is very essential to equip students with a multitude of skills that will be on the other side of the conventional academic knowledge. The education systems are in dire need to be adjusted to the fast-paced technological process, the globalized competitive environment, and the dynamics of manpower that industries are replacing. NEP 2020 supports the integration of essential skills encompassed in the academic programs, digital, life, technical and censorious thinking. This competence is specifically meant to prepare the educators to the demands of the 21 st century manpower which is dynamic and continuously changing. In addition, the policy has highlighted the need to enhance the industry-academia partnerships to ensure that the educational system remains responsive to the demand of the industry. Academy can provide mentorship, internships and real life experiences, enhance work capacity and develop a solid talent pool to the economy by developing partnerships with business to bridge the knowledge gap. This combined proceed on the way promises to put higher education more relevant, beneficial, and according to the concerns of the employers and students in mind, in order to provide degree holder with the understanding, expertise, and accomplishments that are required to succeed in a cutthroat global market.