A Memorandum of Understanding (MOU) is a formal agreement between two or more organizations to work together for mutual benefit. It clearly outlines the objectives, roles, and responsibilities of each party in areas such as training, skill development, internships, on-the-job training, and placement support. Through an MOU, institutions and industries can share resources, expertise, and infrastructure to enhance the quality of education and practical learning. It helps bridge the gap between academic learning and industry requirements, ensuring better employability and career growth opportunities for students.