What is Indian Institute of Foreign Trade IIFT?

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What is Indian Institute of Foreign Trade IIFT?

The Indian Institute of Foreign Trade, abbreviated as IIFT, is an educational institution of the Government of India. It is headquartered in New Delhi, India and has an overseas presence through its overseas campus in Dar-es-Salaam, Tanzania. Now, it plans to open another overseas campus in Dubai, UAE and has received the Indian Government’s approval for the same. 

In this blog post, we shall discuss the Indian Institute of Foreign Trade IIFT, its campuses/centres/divisions, courses offered by the Institute and more.

What is IIFT?

IIFT stands for Indian Institute of Foreign Trade. A government-affiliated organization, the Indian Institute of Foreign Trade (IIFT) is an autonomous body under the Ministry of Commerce & Industry, Government of India. It is acknowledged as a "Deemed to be University" and was founded in 1963. IIFT was acknowledged as a Grade "A" institution by the National Assessment and Accreditation Council (NAAC) in both 2005 and 2015. 

On November 17, 2021, the Indian Institute of Foreign Trade received the esteemed AACSB Accreditation. Because of this, IIFT is ranked among the top 900+ business schools worldwide that have obtained this accreditation. IIFT has emerged into a national university throughout the years and has placed an emphasis on international business management and strategy. This concentration is evident in all three of the Institute's main initiatives i.e., (i) research, (ii) training and (iii) education. 

The Indian Institute of Foreign Trade (IIFT) has its headquarters in IIFT Bhawan, which lies in the Qutab Institutional Area in New Delhi, India. The address of IIFT is: IIFT Bhawan, B-21, Qutab Institutional Area, New Delhi - 110016.

Campuses, Divisions and Centres of IIFT

The campuses, divisions and centres of IIFT are as follows:

• IIFT Campuses: IIFT has four campuses that offer various programs that focus on international business, trade and economics. These campuses are:

• IIFT Delhi

• IIFT Kolkata

• IIFT Kakinada

• IIFT Dar-es-Salaam (Tanzania)

Soon, IIFT will also open its overseas campus in Dubai (UAE). The Government of India has already given approval for the same.

• IIFT Divisions: IIFT has a total of nine divisions that promote education, research and cooperation in global trade. These divisions are as follows:

• Executive Management Programmes (EMP)

• Management Development Programmes (MDP)

• International Collaboration and Capacity Development (ICCD)

• Graduate Studies in Management (GSM)

• Economics

• Research

• Alumni Affairs

• Corporate Relations and Placement

• Publication

• IIFT Centres: IIFT has six centres in total. These centres focus on specific areas such as regional trade, WTO studies and facilitation in trade. The six centres of IIFT are listed below:

• Center for International Trade in Technology

• Center for WTO Studies

• Center for Trade and Investment Law

• Center for MSME Studies

• Center for North-Eastern Studies (CeNEST)

• Center for International Trade in Technology. 

Courses Offered by IIFT

The courses offered by IIFT include the following:

• MBA in International Business

• MBA in International Business (Weekend)

• MBA in Business Analytics

• Integrated Program in Management  

• MA (Economics)

• Four Months Online Certificate Programme on Global Trade Logistics and Port Operations

• Four Months Online Certificate Programme on International Trade Law

• Four Month Online Certificate Programme on Export Import Management

• PhD Programme (Management)

• PhD Programme (Economics)

• Two Years MBA in International Business in collaboration with the Institute of Finance Management, Dar-es-Salaam,Tanzania

Objectives of IIFT

The objectives of IIFT can be understood through the following points:

• One of the primary objectives of IIFT is to provide professional education in modern management strategies pertinent to international businesses.

• Making it possible for participants to understand the connections between the various and intricate duties of international business is another important goal of IIFT.

• The IIFT seeks to improve business executives' understanding of various trade and economic issues.

• It carries out top-notch research on both domestic and international trade and business challenges.

• In order to meet the needs of both mid-career professionals and prospective international business executives, the Institute offers a wide range of long-term programs.

Conclusion

Indian Institute of Foreign Trade (IIFT) is an option for those who wish to receive specialized training in international business and foreign trade. IIFT has four campuses in total: IIFT Dar es Salaam (Tanzania), IIFT Delhi, IIFT Kolkata, and IIFT Kakinada. IIFT will open a campus in Dubai, United Arab Emirates, shortly. The National Assessment and Accreditation Council (NAAC) recognized IIFT as a Grade "A" institution in 2005 and 2015. The Indian Institute of Foreign Trade has granted the prestigious AACSB Accreditation on November 17, 2021. With this accreditation, IIFT is included among the top 900+ business schools in the world.

Frequently Asked Questions (FAQs)

Q1. What is IIFT?

A. IIFT is an autonomous body under the Ministry of Commerce & Industry. It provides various programmes and certification courses related to international trade, export important management, etc.

Q2. When was IIFT established in India?

A. IIFT was established on 2 May, 1963.

Q3. How many campuses does IIFT have?

A. IIFT has 4 campuses, namely IIFT Delhi, IIFT Kolkata, IIFT Kakinada and IIFT Dar-es-Salaam (Tanzania).

Q4. Does IIFT have an overseas campus?

A. Yes, IIFT has an overseas campus in Dar-es-Salaam, Tanzania.

Q5. Where is IIFT’s head office located?

A. IIFT’s head office is located in New Delhi, India.

Q6. Does IIFT have NAAC accreditation?

A. Yes, IIFT has been accredited as an "A" grade institution by the National Assessment and Accreditation Council (NAAC).

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