The relationship of TVET institutions with industries is of paramount importance since the primary business of these institutions is to interpret the market demand signals and prepare human resources to satisfy the manpower needs of industries. Sustainable relationships between TVET institutions and industries are established for reasons which benefit both entities. In this paper, attempts will be made to identify some tangible reasons for establishing relationships and identifying the types and benefits of these relationships. The paper will present strategies for enhancing existing relationships. It is the view of the author that maximum benefits are not being realized in some instances because of inefficiencies that exist in these relationships. The paper will also attempt to identify some of the workforce development and productivity issues and to identify training requirements of industries and the standards for training as stipulated by the industries.