Foreign collaborations have played in important role in the building up of the industrial infrastructure in the country. In fact, it has increased considerably during the last few years with the gradual liberalization of governmental policies towards industry. In this study the author has i) described broadly the major sources of foreign technology over the years; ii) highlighted the changing patterns in the number and nature of foreign collaboration agreements; iii) and described the role of Indo-F.R.G. industrial co-operation. The paper also discusses briefly the factors that are likely to influence Indo-FRG industrial cooperation and raises same issues for further research.