A vital portion of software engineering education is practical learning and experience of principles, methods and procedures for the development of real-time software. Yet, software engineering educators have been using the traditional approaches for SE education since long back, which is being revealed as an inefficient method of learning approach and bring up the gap between graduates and software industries. Therefore, instructors are required to train their students based on professional skills, real-time experience and well prepare them for real time environment upon graduation.  
This paper presents an educational framework for the implementation of PBL (Project Based Learning) approach with industry collaboration in order to reduce the gap between both parties. This is an effective and efficient approach for teaching and learning SE education as compared to the traditional and lecture-based approach, in which students are trained with real-time projects and market-oriented aspects, which is not seen in the traditional approach. Moreover, it helps students to gain complete knowledge of software engineering concepts, Hard and Soft skills, Software design process and principles with more confidence over real-time projects.