In the information era, creation and management of resources which ignites knowledge domain in the process of education and research at higher level gains prominence. Higher education today is changing from a conventional way of campus based university into an internet based virtual university (Walmiki and Ramakrishnegowda, 2009). Internet has altered the ways in which the higher education and research activities are carried out. Today, e-resources development is an area required to be explored through intensive research. The process of building strategies to create e-resources requires collaborative efforts from beneficiaries for knowledge creation. Universities and research institutes are highly involved in partnering to develop e-resources through collaborative online libraries. In India, Association of Indian Universities created INFLIBNET to cater the needs of the users through e-resources to promote academic research which facilitates the industries in particular and society in general. Universities are facilitating industries by providing efficient human resources to achieve their goals with available resources. It is also the responsibility of the industries in turn to facilitate the Universities by creating adequate and contemporary resources which may be in the form of e-resources to reach the users at macro level. This paper is administered to study the present status of e-resources to promote higher education and to study the collaborative initiatives of industries with universities to create e-resources for enhanced knowledge dissemination in higher education.