Challenges and Opportunities are two sides of the same coin. Modern education, curriculum development and teaching methodologies have to keep pace with the demand of the economic environment. The manager, businessman and the entrepreneur of today needs many more weapons in armory. Overall development of the individual is the goal of education and we all have to ensure that there is no stone left unturned to equip the student of today for the challenges of life. This will require tremendous self-motivation on the part of all concerned but will be fulfilling for the student as well as the faculty.