I had to have CROSS-COMPILER build for ARM as my host is x86, so I had gone to following website: http://www.emdebian.org/crosstools.html
As mentioned in above website I only did following -
$ vim /etc/apt/sources.list
$ apt-get update
$ apt-get install gcc-3.3-arm-linux libc6-dev-arm-cross
Does my system has CROSS-COMPILER now, how do I check this ?