MTech/ME is a course program given in an university whereas MS is a research program given in an university.

MTech/ME is a course to train students in a particular stream within an engineering discipline, say machine design/fluid mechanics in mechanical engineering or VLSI/control systems in electronics/electrical engineering.

MS is for training to student to take up a research career whether in industry or academia. Most MS students go for a PhD to pursue further research. IISC Bangalore is the best institute in India to pursue MS/PhD.

Companies in campus placement usually prefers MTech/ME students at NIT & IITs. Many companies who take up students for R&D work doesn't differentiate between MTech/ME and MS students.

Hope this helps!!!

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