Carbon Nanotubes (CNTs) are the allotropes of carbon which belong to the fullerene structural family. These are cylindrical structures with at least one end closed with a buckyball structure hemisphere. They are few nano meter in diameter and have tensile strength of ~63GPa and young's modulus of ~1TPa. On the basis of structures carbon nanotubes can be classified as Single-walled (SWNT), Multi-walled (MWNT), Polymerized SWNT, Nanotorus and Nanobuds. Carbon Nanotubes can behave as metal or as a semiconductor depending on the nature of its helix. They are good thermal conductors along their axis but act as insulators in the lateral direction. Major manufacturing techniques employed for fabrication of CNTs are Arc discharge, Laser Ablation and Chemical vapor deposition. Carbon Nanotubes are extending our ability to fabricate devices such as molecular probes, pipes, wires, bearings, springs, gears and pumps