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With the emergence of knowledge based society and knowledge based economy, it has become very important for the knowledge seekers to manage and utilize knowledge to achieve their goals. This research paper highlights the knowledge sharing strategies adopted by the postgraduate students of University of Science and Technology Meghalaya (USTM). It also discusses the problems faced by the students while sharing knowledge. Survey method of research was carried out to collect the data from the post graduate students of USTM using a self-constructed questionnaire to investigate different aspect of Information Communication Technology and their effectiveness in knowledge sharing practices. Findings reveals that the post graduate students of USTM prefers web 2.0 tools such as wikis, social media, and blogs to facilitate effective knowledge sharing.