Nanotechnology has become one of the important sectors, which are drawing intense interest, and it will replace most of the exiting technology in use today. It is widely publicized to be an important technology that is going to change every aspect of our lives and lead to generation new capabilities, new products and new markets. It is thus described as an enabling technology that will have the way for novelty in every stream of technology another important aspect associated with nanotechnology is its multi- disciplinary nature, which makes it difficult to win down, and prophesize the future impact in any specific sector and appropriately. Its impact on society is expected to be widespread and all pervasive. A number of new firms have been established in recent tears with the specific objective of exploiting one or more of the several avenues that this
new technology provides.
