Industrial quota or consortium quota as it is generally called is a medium through which a student can be admitted to any of the UG courses of the university.
Anyone who has an industry can apply through this quota which is its main qualification. The process is as follows:
The university reviews all the applications submitted.
It then visits the industry and makes a report on the background of the company.
Based on the report the applied candidate is given a seat in the university.
Most importantly an MOU is signed between the university and the industry.
The main thing to consider is that the company should be related to the course the candidate is willing to pursue.