Information explosion, emergence of internet and particularly World Wide Web as a new medium of information storage make the concept more come into light and popular . “Allen and Hirshon have explained library consortium as a generic term to indicate any group of libraries thatr are working together towards a common goal”. . The Libraries need to collaborate and seek resource sharing for more efficient and effective use of resources . consortia or group of libraries buying electronic information resources together has become very important in the last few years. Consortium of libraries is well known for sharing of resources across the world. Information explosion, emergence of internet and particularly World Wide Web as a new medium of information storage make the concept more come into light and popular. This paper aims to briefly discuss the concept, role, types, need, factors and advantages of library consortia in Electronic Resource Management.