I am writing a C# library to be used by native C++ application. I am using C++/CLI as the Interoperability mechanisim.
I require to pass a callback function from C++
GetDelegateForFunctionPointer will work, but you need to add a [MarshalAs(UnmanagedType.LPWStr)] attribute to the parameter in your delegate declaration in order for String to get converted into wchar_t*:
delegate void MyDelegate([MarshalAs(UnmanagedType.LPWStr)] string foo)
IntPtr func = ...;
MyDelegate del = (MyDelegate)Marshal.GetDelegateForFunctionPointer(func,
                                 typeof(MyDelegate));
To pass a modifiable string, give a StringBuilder.  You need to explicitly reserve space for the unmanaged function to work with:
delegate void MyDelegate([MarshalAs(UnmanagedType.LPWStr)] StringBuilder foo)
StringBuilder sb = new StringBuilder(64); // reserve 64 characters.
del(sb);