Nanotechnology is an unique field of recent research studies which has a wide range of applications. It is a highly multidisciplinary field, drawing attentions from applied physics, material science, colloidal science, supramolecular chemistry and even mechanical and electrical engineering . This new science is a boon to the environment. It is used in solving many environmental problems like pollution control, waste treatment, maintain good air quality, cleaning of oil spillage etc. Current scenario suggests that it promises a great success in future. Nanoparticle, due to its small size has a great surface area due to which is has a good catalytic property. NASA studied that it has many applications in construction of space shuttles due to its light weight and friction resistance property. Nanoparticles are used in medical sciences for the treatment of cancer cells. Colloidal Nanoparticles are beneficial in bulk forms such as suntan lotions, cosmetics, protective coating and stain resistance clothing. Not only western countries, but India also is spreading their hands in this field.