Thanks for your reviews guys.After a long research finally found the way to connect a pocket pc 2003 emulator to local intranet and internet.
it was bit confusing because the most of the articles are available that describes the visual studio beta version way of connecting but in visual studio enterprise version that method had changed.
below article guide you the way step by step.
http://blogs.msdn.com/akhune/archive...16/493329.aspx