Nepal being the landlocked country in the northern hemisphere and sandwiched between two Asian giants: China and India, has the glory of having world’s highest mountain- Sagarmatha (Everest) and being the birth place of Lord Buddha- Light of Asia. The beauty of the country is extreme diversity within close proximity of topography, ecology, flora and fauna. Owing to the topography and people, Nepal has rich cultural heritage. Visualizing the economy, Nepal is in the process of transformation. The concern now is the development of the country and prosperity of the people. Prosperity is not only the material well-being; it is building capacity of the people with rights and responsibility. Institute of Engineering (IOE) visioned to be instrumental to achieve this national goal of prosperity of the country and the people. This can be done by producing capable and competitive engineering graduates. Engineering education has two dimension; skill developing and capital formation. Both are equally important for the economic growth of the country. As the world is moving towards knowledge based economy, all the nations are entering into ‘global skill race’. In this race, education knowledge and skills are assuming ever-greater importance. Understanding this essence, IOE is striving to move forward with market relevant programs and research works.