Indian Institute of Foreign Trade

Overview of the Indian Institute of Foreign Trade (IIFT)

Introduction The Indian Institute of Foreign Trade (IIFT), established in 1963 as an autonomous body under the Ministry of Commerce & Industry, is one of India’s premier institutions focused on promoting international business education and research. Its establishment was aimed at developing the skills necessary for India’s foreign trade sector, and since then, IIFT has become a leader in providing world-class education in international business and trade.

In 2002, IIFT was conferred Deemed to be University status, marking a significant milestone in its evolution. In recognition of its excellence, IIFT was accredited with Grade ‘A’ by the National Assessment and Accreditation Council (NAAC) in both 2005 and 2015. Furthermore, in 2021, IIFT achieved the prestigious AACSB (Association to Advance Collegiate Schools of Business) accreditation, placing it among the top 900+ business schools globally.

Core Objectives of IIFT IIFT was founded with the objective of:

• Imparting professional education in modern management techniques relevant to international business.

• Enabling participants to appreciate the inter-relationship between diverse and complex tasks in international business.

• Developing business executives with a deep understanding of various trade and economic issues.

• Conducting high-quality research on domestic and global trade and business challenges.

The Institute has successfully achieved these goals by focusing on three major activities: Research, Training, and Education.

Academic Programs at IIFT IIFT offers a diverse range of programs tailored to the needs of both aspiring international business executives and mid-career professionals. These programs provide students with the knowledge and skills necessary to succeed in the dynamic field of international trade and business.

Key programs include:

• MBA in International Business (2 Years): Offered at both the New Delhi and Kolkata campuses, this flagship program is designed for aspiring leaders in international business.

• Ph.D. (Management): Offered at both campuses, this research program is focused on advanced study and research in management.

• Ph.D. (Economics): Specializing in global trade and finance, this program is designed for those interested in deep economic research.

• MA in Economics (Specialization in Trade and Finance): A 2-year program offered at New Delhi and Kolkata, focused on trade and financial economics.

• MBA in International Business (Weekend, 2 Years & 6 Months): This weekend program caters to working professionals at the New Delhi and Kolkata campuses.

• Executive Post Graduate Diploma in International Business: Offered both in traditional and hybrid formats, this program is aimed at executives looking to enhance their expertise in international business.

• Collaborative MBA Program with Institute of Finance Management, Tanzania: A unique opportunity to earn an MBA in International Business in collaboration with the Institute of Finance Management, Dar-es-Salaam, Tanzania.

• Post Graduate Certificate Program in International Business and Finance (Hybrid): A specialized program for those interested in gaining advanced skills in international business and finance.

Research at IIFT IIFT is committed to conducting cutting-edge research in the field of international business and trade. The Institute’s research activities address both domestic and global trade issues and contribute significantly to the development of knowledge in the area. The faculty and research scholars at IIFT collaborate with industries, governments, and international bodies to produce research that shapes trade policies and business strategies worldwide.

Industry Collaboration and Training The Institute’s focus on practical learning and industry collaboration helps bridge the gap between academic theory and real-world applications. IIFT’s strong ties with industry leaders, global organizations, and trade bodies ensure that students are exposed to the latest industry trends, technologies, and business practices. The institute regularly hosts guest lectures, seminars, and workshops by industry experts, providing students with invaluable insights into the world of international business.

Accreditations and Recognition

• AACSB Accreditation: In November 2021, IIFT earned AACSB accreditation, joining a select group of business schools worldwide that meet the rigorous standards set by the association.

• NAAC ‘Grade A’: Recognized by the National Assessment and Accreditation Council for its high standards of education.

• Deemed to be University: Recognized as a “Deemed to be University” by the Government of India in 2002.

Global Presence and Collaborations IIFT’s global reach is enhanced through its collaborations with international universities and institutions. Notably, IIFT offers a collaborative MBA program with the Institute of Finance Management in Dar-es-Salaam, Tanzania. The Institute’s extensive network of international collaborations provides students with a global perspective and opportunities to engage in exchange programs and international projects.

Why Choose IIFT?

• World-Class Education: With its strong academic programs and industry-relevant curriculum, IIFT provides top-tier education in international business.

• Global Recognition: The AACSB accreditation places IIFT among the top 900+ business schools worldwide.

• Industry Ties: IIFT has strong connections with the international business community, providing students with real-world exposure and opportunities for internships and placements.

• Diverse Programs: With a wide range of programs catering to various professional needs, IIFT ensures that students are prepared to excel in the fast-evolving world of international trade and business.