The organizations now are looking at Training and Development as an investment that is essential for them not only to harness the potential of the employees but also to increase the organization’s competitive advantage. The skill gap existing in the competitive environment and the internal dearth for quality employees has not only made the organization to take step forward to train their employees to reap long-run benefits. The present study is a conceptual study in understanding the training, the reasons that necessitate the training and development in the organisations and the like.