We address some theoretical and practical issues relating to generation, processing, and management of Translation Corpus (TC) in Indian languages, which is developed in a consortiummode project (ILCIII) 1 under the DeitY, Govt. of India. Issues are discussed here for the first time keeping in mind the ready application of TC in various domains of computational and applied linguistics. We first define what is a TC; describe the process of its construction; identify its features; exemplify the processes of text alignment in TC; discuss methods of text analysis; propose for restructuring of translational units; define the process of extraction of translational equivalents; propose for generating bilingual lexical database and TermBank from a structured TC; and finally identify areas where a TC and information extracted from it may be utilized. Since construction of TC in Indian languages is full of hurdles, we try to construct a roadmap with a focus on techniques and methodologies that may be applied for achieving the task. The issues are brought under focus to justify the work that generated TC for some Indian languages for future reference and application. 1. What is a Translation Corpus? Theoretically, a Translation Corpus (TC) suggests that it contains texts and their translation. It is entitled to include bilingual (and multilingual) texts as well as texts that may fit under translation. A TC, by virtue of its character and composition, is made of two parts: a text from a source language (SL) and its translation from a target language (TL) (15) (24), (39). Although, a TC is normally bilingual and bidirectional (28), it can be multilingual and multi� directional as well (37), as it actually happens in case of the ILCII and ILCIII projects for the Indian language s. In these two projects a new strategy is adopted where Hindi is treated as the only SL and several other Indian languages are treated as the TL (Fig. 1). The issue of multidirectionality can be understood if all the target languages can establish linguistic links with each other as they are linked up with SL. Since the ILCII TC has not tried to venture into this direction, it makes sense to keep the present discussion confined within a scheme of bilingualism and bidirectionality, with, for examp le, Hindi