This research papers describe the concept of “E Journal Consortia” highlighting the advantages and disadvantages. Consortium is gaining in the development countries and in future more and more consortia would emerge to serve their members. The Consortia should take lead role in the development of a national strategy for information provision for research in higher education. The growth of information technology Proliferation of Information , increased demand of users, financial constraints , inflammation in Indian currency etc, makes the library impossible to acquire all the information resources it fulfil the needs of information seekers self sufficiently. Library E Consortia is at the doorsteps to prove cooperation locally, regionally, nationally and internationally. It is an encouraging sign with good number of consortia efforts are undergoing in India. But Consortia efforts are time consuming, Frustrating and difficult to build and maintained by group of interested institution in India. Hence it is suggested that the issues can be taken at central Government level and form a national level consortia covering all the educational and research libraries irrespective of ministry, department and state in India. This will provide good opportunities for exploiting consortia resource effectively and efficiently in use. The use of E-Consortia in 21^st century libraries and Information Centres in India is discussed.