The Indian Institute of Foreign Trade (IIFT), which was set up in 1963 by the Government of India, is one of the top B-Schools in India, offering management programmes tuned to global business. IIFT is located in the Qutab Institutional Area, quite near to the Jawaharlal Nehru University and IIT Delhi. The Institute, spread over six acres of land and overlooking the Qutab Minar, provides an ideal environment for academic excellence. The Institute, which functions as an autonomous body under the Ministry of Commerce, has been granted Deemed University status by UGC. In 2006, it opened a new campus in Kolkata.
Admission to IIFT’s fully residential two-year MBA (International Business) programme is through the Institute’s own test, which attracts more than 60,000 aspirants for the 120 seats. The focus of the MBA programme is to enable the students understand and appreciate the global trends and become successful global managers in the changing international environment.
IIFT has affiliations with universities in France, U.S., Finland, Germany, and Tanzania for student exchange programmes. Every year students are sent to these countries via exchange programmes. A student spends his fifth trimester in the university abroad and this offers a good opportunity to gain trans-cultural exposure.
In addition to the regular MBA programme, IIFT offers MBA (IB) programme to working executives with a minimum of three years of work experience. For such participants the classes are held on weekends, spread over three years. IIFT also offers an Executive Masters in International Business programme of 18 months’ duration for senior managers at New Delhi, Dubai, and Dar-es-Salaam (Tanzania). This programme is targeted at executives with a minimum of 5 years of work experience, with classes held on alternate weekends. The Institute also runs a four-month part-time Certificate Course in Export Management.
IIFT runs more than 40 short term Management Development Programmes (MDPs) in various subjects ranging from International Business Negotiations to Risk Management in International Trade Operations to WTO related issues, and has trained more than 40,000 business professionals across 30 countries.
The facilities available on the campus include centrally air-conditioned lecture halls with modern audio-visual aids, conference halls for round-table conferences, an auditorium with a capacity to seat 500, a center for Management Development Programmes, and residential facilities for students.
IIFT has three state-of-the-art Computer Centres. The students have 24-hour Internet access with computers in hostel rooms also.
IIFT boasts of one of the largest and the best library facilities of its kind in the developing world. The library holds around 84,000 volumes, with subscriptions to 800 journals with complete online catalogue.
Excellence in Research
IIFT has brought out a number of research studies for international organisations like WTO, World Bank, European Union, ESCAP, Commonwealth Secretariat, and UNCTAD. The Institute is the main research base for the Ministry of Commerce & Industry, Government of India, and plays a key role in shaping up the EXIM policy of the country.
The Institute has recently set up the Centre for WTO Studies. This is the only such centre in India and acts as the hub for WTO related issues of concern to India. The Centre for International Trade in Technology (CITT) set up with financial and technical support from the Department of Scientific and Industrial Research, Government of India, focuses on important international trade policy issues with an aim to maximise India’s potential in technology trade. IIFT also runs an SME Centre which provides continuous support to the SME sector through training programmes, provision of business intelligence services through a Databank and acts as a catalyst for interfacing with other institutions concerned.
IIFT publishes Foreign Trade Review (a quarterly journal), Technology Exports (quarterly newsletter), and a bi-monthly magazine, Focus WTO.