Indian Institute of Foreign Trade

Last updated

Indian Institute of Foreign Trade
Indian Institute of Foreign Trade logo.png
Type Public Business school
Deemed-to-be-university
Established2 May 1963;61 years ago (2 May 1963)
Accreditation AACSB, NAAC [1]
Academic affiliations
Budget₹184.08 crore (US$22 million)
(FY2024–25 est.) [2]
Vice-Chancellor Rakesh Mohan Joshi [3]
Academic staff
75 [2]
Students1,034 [2]
Postgraduates 836 [2]
198 [2]
Location
New Delhi (HQ)
,
India

28°53′42″N77°18′31″E / 28.89500°N 77.30861°E / 28.89500; 77.30861
Campus Multiple sites
6 acres (24,000 m2)
Other branches
Nickname IIFT
Website www.iift.ac.in

The Indian Institute of Foreign Trade (IIFT) is a public business school headquartered in New Delhi, Delhi, India. It has been proposed to be declared as an Institute of National Importance by the Government of India. [4] Established in 1963, it functions under the Ministry of Commerce and Industry of the Government of India. It also serves as a training institute for the probationary officers of the Indian Trade Service. Its headquarters are in New Delhi and it has additional campuses in Kolkata and Kakinada. [5] [6]

Contents

History

The institute was established as a Centre of Excellence in International Trade and Business in 1963. It is as an autonomous educational institute under the Ministry of Commerce and Industry. [5]

It was granted "Deemed to be University" status in 2002. [5] The National Assessment and Accreditation Council (NAAC) has recognized IIFT as a Grade ‘A+’ Institution in January 2024. [7]

Campuses

IIFT Delhi Campus

IIFT Delhi campus entrance IIFT Delhi.jpg
IIFT Delhi campus entrance
IIFT Delhi campus is on the left, Sanjay Van is on the right. IIFT Delhi road.jpg
IIFT Delhi campus is on the left, Sanjay Van is on the right.

The IIFT Delhi campus is located in Qutub Institutional Area, overlooking green ridge and historical Qutub Minar. The campus is spread over 6.5 acres of land houses, two academic blocks and two residential blocks for students and visiting faculty.[ citation needed ]

IIFT Kolkata Campus

On Dec 2005 decision was taken to start new campus in city of Kolkata. IIFT's Kolkata Campus is located in East Kolkata, near Ruby Hospital, in a sprawling area of around 7 acres. The campus is developed as a green and fully integrated campus with independent blocks for academic, administration and student living areas with all modern amenities. The campus also houses three water bodies to maintain ecological diversity.[ citation needed ]

IIFT Kakinada Campus

In 2018, then Union Minister for Commerce and Industry Suresh Prabhu, in the presence of Chief Minister N. Chandrababu Naidu laid the foundation stone for 3rd campus of Indian Institute of Foreign Trade (IIFT) in Kakinada of East Godavari district at Andhra Pradesh. [8] The State Government has allotted 25 acres land to build the Campus. [9] Starting of IIFT full time 5 year integrated MBA(IB) Programme in a temporary premises at Kakinada has been approved.

Facilities

Hostel facilities

The full-time MBA (International Business) is a fully residential program. [10]

Library

The institute has a collection of books by eminent authors on Trade, Economy, Management and WTO related issues. It also has a collection of journals, research reports, company reports, CD-ROMs, video cassettes, International Trade Statistics and Databases. Apart from books on traditional Management and Economics related areas, the library has a large collection of books on upcoming areas like WTO, Intellectual Property Rights, Services Management, Mergers & Acquisitions, Trade Finance, e-Business, Global Business Strategies, International Business Law, and Information Technology, etc. The library also subscribes to over 235 journals and periodicals and publications of national and international organizations such as the UN, ITC, UNCTAD, WTO, IMF, World Bank, Ministries and Departments of Government of India.

Academics

Academic programmes

IIFT has, over the years, undertaken research studies with organisations like World Trade Organization, World Bank, the United Nations Conference on Trade and Development (UNCTAD) and the Ministry of Commerce & Industry. IIFT has also trained more than 40,000 business professionals across 30 countries via its management development programmes. [11]

Selection Process

Selection in IIFT is a four-pronged process:

  1. The entrance test takes place in November, for admission in MBA; [12] it is a computer-based test conducted by the National Testing Agency.
  2. A short-list based on the test scores is used to invite students for a Group Discussion. Topics of national and international importance across social, political, economic and corporate domains are given as individuals are tested on their group discussion skills.
  3. A Writing Ability Test is conducted to test the candidate's writing skills, along with knowledge of the subject and structure of representation.
  4. A Personal Interview is done which has a distinct focus on goals, achievements, knowledge and awareness.

All of the three ability tests are normally held on a single day. A cumulative weighted score depending on the rules of that particular year of examination is taken to identify the final short-list of candidates separately for IIFT Delhi & IIFT Kolkata.

For admission in M.A. in economics (Specialization in Trade and Finance), [13] an entrance test based on Economics and Finance is held. The final merit list along with the student's preference decides a short-list for IIFT Delhi & IIFT Kolkata.

International Collaborations & Student Exchange Programmes

IIFT Exchange Programme [14] is an outcome of the institute's academic collaboration with institutions across the world. These collaborations are mainly for student, faculty exchange programmes, joint collaborations on research and various other capacity building exercises. IIFT has developed relations with many international organizations [15] by signing MoUs and participating in their activities or taking collaborative initiatives. IIFT has international accreditation from Association to Advance Collegiate Schools of Business (AACSB). [16] The institute is also a member of the following international organizations:

Rankings

IIFT was ranked 60th in the world and 1st in India for International Trade education (Masters/MBA) in 2024 by QS World University Rankings. [17] [18] It was ranked 51st best B-school globally by LinkedIn in 2024, [19] and in the same rankings it was ranked 1st globally in terms of its Networking capability. [20]

IIFT was ranked 7th best B-school in India in 2024 by Indian Institutional Ranking Framework (IIRF). [21] It was ranked 9th best B-school in India in 2023 by India Today. [22] It was ranked as the most competitive B-school in India by Unstop (formerly Dare2Compete) for the year 2023. [23] [24]

Port Visit and Social Awareness Program

IIFT also offers its students opportunity to visit various national and international ports. Students can choose their port of choice and are accompanied by faculty members during the visit. This is in line with the goal of providing practical exposure to what is being taught in class. [25]

The institute also has a month-long social awareness program, in which several NGOs such as Muskaan Foundation are invited to the campus to pitch their projects to the students. The students are then allowed to choose any NGO of choice and have to work closely with the NGO for the next month. The SAP is a part of the course curriculum, and IIFT is one of the few institutions who have undertaken similar social programs. [26]

Papers and publications

The research carried out by the institute is widely disseminated in the form of study reports, monographs and occasional papers. The major beneficiaries of these research findings are academicians, policy makers, trade and industry, multilateral organizations, researchers and NGOs. In addition, the Institute publishes a quarterly journal Foreign Trade Review [27] published by SAGE Publications. The journal focuses on key relevant areas such as international trade, finance, econometrics, IT, WTO, Trade blocs and marketing. Focus WTO, [28] another quarterly journal published by the Institute focuses exclusively on WTO related issues. Each issue of the journal is thematic. An electronic magazine E-Zine is also published by the Centre for International Trade in Technology of IIFT.

Organization and administration

Centres at IIFT

Centre for International Trade in Technology

It is an institution in which roles of active players in international technology trade especially those of Ministry of Commerce & Industry and Ministry of Science and Technology are proposed to be synthesised. [29]

Centre for WTO Studies

The major objective of the centre has been to provide research and analytical support on a continuous basis to the Department of Commerce on identified issues pertaining to the World Trade Organization. In addition, it is also tasked to carry out research activities, bring out Publications on WTO related subjects, carry out Outreach & Capacity Building programmes by organising seminars, workshops, subject specific meetings etc., and to be a repository of important WTO documents in its Trade Resource Centres [30]

Centre for Trade and Investment Law

The Centre for Trade and Investment Law (CTIL) was established in the year 2016 and the centre's primary objective is to provide sound and rigorous analysis of legal issues pertaining to international trade and investment law to the Government of India and other governmental agencies. Further, the Centre aims to create a dedicated pool of legal experts who could provide technical inputs for enhancing India's participation in international trade and investment negotiations and dispute settlement. In addition, the Centre aims to be a thought leader in the various domains of international economic law such as WTO law, international investment law and legal issues relating to economic integration. [31]

Centre for MSME Studies

The growing importance of Micro, Small and Medium Enterprises in the economy as a whole and External Trade, in particular, has prompted IIFT to establish a separate Centre for MSME studies which can act as a catalyst to the internationalization of MSME activities. The center has become operational from 2005. The Centre for MSME Studies at IIFT provides continuous support to the MSME sector by carrying out activities which can be broadly classified into conducting Training Programmes, provision of Business Intelligence services through a Databank and acting as a catalyst for Interfacing with other concerned and associated institutions. [32]

Centre for North-Eastern Studies (CeNEST)

North Eastern Council (NEC) has entered into an agreement with Indian Institute of Foreign Trade (IIFT) for the setting up of Centre for North Eastern Studies (CeNEST) at IIFT Kolkata Campus. The centre would facilitate the North Eastern states in policy making, strategic planning and effective implementation of various trade promotion schemes and undertake research and analysis on issues relating to international trade and business, capacity building and serve as a knowledge partner. It will help the states in exploiting the potentials of exports of the products from the region and promote innovations in business. [33]

Student life

The institute has a student body called International Management Forum (IMF). IMF is the official [34] representative student body at IIFT which acts as a coordinator for, and provides administrative support to, various student activities and events at IIFT besides taking policy decisions regarding student affairs in consultation with the Director/Chairperson/Programme Director. Among the key roles of IMF is co-ordination and supervision of the activities of various domain-specific clubs and cells. 6 clubs [35] and 7 cells [36] work to ensure collaborative and comprehensive learning round the year. The clubs impart domain and industry-specific knowledge via Knowledge Transfer Sessions throughout the year. Also the practical learning experience is enhanced through the regularly scheduled competitions-case studies, Group discussions, quizzes, etc. Live projects from various corporates in all domains are also brought by clubs, which ensures significant industry exposure. The activities of the clubs and cells are supervised by the General Secretary, a member of the IMF.

Notable alumni

See also

Related Research Articles

<span class="mw-page-title-main">Indian Institute of Management Ahmedabad</span> Business school in India

Indian Institute of Management Ahmedabad, is an Indian business school, located in Ahmedabad, Gujarat, India. As one of India's premier Indian Institutes of Management, the school has been accorded the status of an Institute of National Importance by the Ministry of Human Resources, Government of India in 2017. It is widely regarded as the leading business school in India, and one of the most prestigious business schools in the world.

<span class="mw-page-title-main">Panjab University</span> Public university in Chandigarh, India

Panjab University (PU) is an Indian collegiate public state university located in Chandigarh. Funded through both State and Union governments, it is considered a state university. It traces its origins to the University of the Punjab in Lahore, which was founded in 1882. After the partition of India, the university was established on 1 October 1947, and called East Punjab University. Initially housed primarily at a cantonment in Solan, it later relocated to a newly built campus in Chandigarh, and was renamed Panjab University. It is accredited by NAAC at five star level, with the highest NAAC A++ accreditation grade.

<span class="mw-page-title-main">Indian Institute of Planning and Management</span> Former business school headquartered in New Delhi, India

The Indian Institute of Planning and Management (IIPM) was an unaccredited institute headquartered in New Delhi, which previously had 18 branches across India. IIPM was shut down after multiple allegations and lawsuits concerning the institute's use of false advertisements and fraudulent practices. After several controversies, the school's Honorary Dean Arindam Chaudhuri decided to shut down all campuses across India, except the one in Delhi. Founded in 1973, the institute used to offer undergraduate, postgraduate and doctoral programmes in national economic planning and entrepreneurship, and international and fellowship programmes. Its executive education programmes include non-credit courses and visits to foreign business schools. IIPM is not accredited by UGC or All India Council for Technical Education (AICTE), and is not affiliated with the public Indian Institutes of Management.

<span class="mw-page-title-main">Indian Institute of Management Calcutta</span> Public Business School located in Kolkata, West Bengal

Indian Institute of Management Calcutta is a public business school located in Joka, Kolkata, West Bengal, India. It was the first Indian Institute of Management to be established, and has been recognized as an Institute of National Importance by the Government of India in 2017. Programmes offered by IIM Calcutta include a two-year full-time MBA, a one-year full-time Post Graduate Diploma (PGPEX-VLM), a one-year full-time MBA for experienced executives (MBAEx), Doctor of Business Administration programme, a two-year full-time Post Graduate Diploma in Business Analytics, and a one-year full-time programme in Healthcare Management. IIM Calcutta is one of only three triple accredited business schools in India, and the first to get the recognition. It is also the only business school in India which is a part of the CEMS Global Alliance in Management Education.

<span class="mw-page-title-main">Indian Institute of Management Bangalore</span> Management school in India

Indian Institute of Management Bangalore is a reputed business school and an Institute of National Importance located in Bangalore, Karnataka, India. Founded in 1973, it was chronologically the third in the first generation of IIMs to be established, after IIM Calcutta and IIM Ahmedabad, thereby forming the elite Indian B-School trio colloquially known as 'ABC', or 'IIM A/B/C'.

<span class="mw-page-title-main">Erasmus University Rotterdam</span> Public university in the Netherlands

Erasmus University Rotterdam is a public research university located in Rotterdam, Netherlands. The university is named after Desiderius Erasmus Roterodamus, a 15th-century Christian humanist and theologian.

Kakinada is a port city and municipal corporation in the Indian state of Andhra Pradesh. It serves as the administrative headquarters of Kakinada district and is the sixth most populous city in the state. Kakinada is recognised for being one of the most liveable and cleanest cities in India among those with a population under one million.

Delhi School of Economics (DSE), popularly referred to as D School, is an institution of higher learning within the University of Delhi. The Delhi School of Economics is situated in University of Delhi's North Campus in Maurice Nagar. Established in 1949, the campus of the Delhi School of Economics houses the University of Delhi's departments of Economics, Sociology, Geography and Commerce, as well as the Ratan Tata Library. Out of the four academic departments, the Departments of Economics, Sociology and Geography come under the Faculty of Social Sciences, while the Department of Commerce comes under the Faculty of Commerce and Business Studies.

<span class="mw-page-title-main">Indian Institute of Management Kozhikode</span> Indian autonomous public business school

Indian Institute of Management Kozhikode is an autonomous public business school located in Kozhikode, Kerala, India. The institute, set up in 1996 by the Government of India in collaboration with the State Government of Kerala, is one of the 20 Indian Institutes of Management (IIMs). It was the fifth IIM to be established.

<span class="mw-page-title-main">Indian Institute of Management Indore</span> Public business school in Indore, Madhya Pradesh, India

Indian Institute of Management Indore is an autonomous public business school located in Indore, Madhya Pradesh in India. Founded in 1996, IIM Indore is the sixth institute in the Indian Institute of Management (IIM) system and was named as an institute of national importance in 2017 along with the other IIMs.

<span class="mw-page-title-main">S. P. Jain Institute of Management and Research</span> Business school in Mumbai, India

S. P. Jain Institute of Management and Research (SPJIMR), a constituent of the eminent Bharatiya Vidya Bhavan (BVB), is a leading Indian business school established in 1981. Situated in the heart of Mumbai, the institute offers a broad portfolio of management programmes for individual participants and organizations. SPJIMR was ranked No. 1 among India’s top management institutes in the Financial Times Masters in Management (MiM) global rankings for 2023. With its innovative and socially conscious approach to management education, research and community engagement, SPJIMR aims to influence practice and promote value-based growth of its students and alumni, organizations and its leaders, and society at large.

<span class="mw-page-title-main">Institute of Management Development and Research, Pune</span>

The Institute of Management Development and Research (IMDR) in Pune, India is the oldest management institution in Pune and is a branch of the Deccan Education Society. IMDR used to offer three full time programs: Post Graduate Diploma in Management (PGDM), Post Graduate Diploma in International Trade (PGDIT) and Post Graduate Diploma in Human Resources (PGDHR), alongside its other part-time programs. In 2011, IMDR acquired AICTE approval and is currently offering a PGDM course approved by AICTE and DTE.

International Management Institute, New Delhi, known as IMI, New Delhi is a private business school located in New Delhi, India. Sanjiv Goenka, Chairman of the RP-Sanjiv Goenka Group, is the Chairman of the IMI Governing Committee.

<span class="mw-page-title-main">Budapest Business School</span> Business University in Budapest, Hungary

Budapest Business School (BBS) is a public business school specialising in business studies and social sciences in Budapest, Hungary. It was founded in 1857 by the merchants and bankers of Austria-Hungary. It is the oldest public business school in the world, and the second oldest among all business schools, after the ESCP.

<span class="mw-page-title-main">IMI Kolkata</span> Business school in Kolkata, India

International Management Institute (IMI) Kolkata is a private business school located in Kolkata, India. It was founded in 2010. The Institute started its operation in 2011 with its flagship Post Graduate Diploma in Management Programme accredited by the National Board of Accreditation (NBA). The first group of students at IMI Kolkata graduated in the year 2013. Campus placements at IMI Kolkata increased in the year 2014. In 2017, the Institute obtained the approval from All India Council for Technical Education to launch the Fellow Programme in Management (FPM), a Ph.D. level programme. IMI Kolkata's two-year full time PGDM programme is also accorded equivalence with Master of Business Administration (MBA) Degree by the Association of Indian Universities (AIU).

<span class="mw-page-title-main">Indian Institute of Management Visakhapatnam</span> Business school in Andhra Pradesh, India

The Indian Institute of Management Visakhapatnam (IIMV) is a public business school and Institute of National Importance located in Visakhapatnam, Andhra Pradesh, India. It is one of the twenty one Indian Institutes of Management. The institution started the first batch of its Post Graduate Program (PGP) in Management from August 2015.

<span class="mw-page-title-main">Indian Institute of Management Bodh Gaya</span> Autonomous public business school in Bodh Gaya, Bihar in India

The Indian Institute of Management Bodh Gaya (IIM-BG) is an autonomous public business school in Bodh Gaya, Bihar in India. It is the 16th Indian Institute of Management (IIM). The institution was mentored by Indian Institute of Management Calcutta.

<span class="mw-page-title-main">International Management Institute, Bhubaneswar</span>

International Management Institute, Bhubaneswar (IMI, Bhubaneswar) is a business school located in Bhubaneswar, the capital of eastern Indian state of Odisha.

<span class="mw-page-title-main">Indian Institute of Packaging</span> Educational institution in India

Indian Institute of Packaging (IIP) an autonomous body which was set up by the packaging and allied industries and the Ministry of Commerce, Government of India in 1966 under Societies Registration Act,1860 with the specific objective of improving the packaging standards and excellency in the country. There are permanent campuses of the institute in Mumbai, Delhi, Kolkata, Hyderabad, Chennai and Kakinada SEZ in East Godavari district with 25 acres (10 ha) of land and there is plan to open new campus in Guwahati and Lucknow.

References

  1. ↑ "NAAC Accreditation". September 2018.
  2. 1 2 3 4 5 "NIRF 2024" (PDF). IIFT.
  3. ↑ "Rakesh Mohan Joshi takes over as vice-chancellor of IIFT". Business Line June 05, 2024 at 09:31 PM. 5 June 2024. Retrieved 5 June 2024.
  4. ↑ "Government Proposing To Grant Status Of National Importance To IIFT". Outlook India 27 Dec 2022 8:43 pm. 27 December 2022. Retrieved 27 December 2022.
  5. 1 2 3 "Indian Institute of Foreign Trade (IIFT)". Department of Commerce, Ministry of Commerce and Industry, Government of India. Retrieved 22 November 2021.
  6. ↑ "About IIFT". IIFT. Retrieved 9 August 2022.
  7. ↑ "Indian Institute of Foreign Trade (IIFT)". news.careers360.com. Retrieved 3 March 2024.
  8. ↑ "Stone laid for IIFT". The Hindu . 26 February 2018. Retrieved 22 October 2018.
  9. ↑ Manish M (15 April 2017). "IIFT campus get land in Kakinada". The Times of India . Retrieved 22 October 2018.
  10. ↑ "IIFT". www.iift.ac.in. Retrieved 3 September 2021.
  11. ↑ "Welcome to Indian Institute of Foreign Trade". Archived from the original on 19 March 2012. Retrieved 26 April 2017.
  12. ↑ "IIFT 2020 - Exam Date (1 Dec), Registration, Syllabus, Exam Pattern, iift.nta.nic.in". AglaSem Admission. 9 September 2019. Retrieved 9 September 2019.
  13. ↑ "IIFT".
  14. ↑ "IIFT". Archived from the original on 8 August 2015. Retrieved 16 August 2015.
  15. ↑ "IIFT". Archived from the original on 22 August 2015. Retrieved 16 August 2015.
  16. ↑ "Indian Institute of Foreign Trade" . Retrieved 3 March 2024.
  17. ↑ "IIFT QS". www.topuniversities.com. Retrieved 18 June 2024.
  18. ↑ "India QS". www.topuniversities.com. Retrieved 18 June 2024.
  19. ↑ "LinkedIn rankings". www.linkedin.com. Retrieved 13 September 2024.
  20. ↑ "IIFT best globally". www.linkedin.com/. Retrieved 13 September 2024.
  21. ↑ "Top MBA Colleges in India 2024". iirfranking.com/. Retrieved 3 March 2024.
  22. ↑ "India's best B-schools 2023". www.indiatoday.in. Retrieved 3 March 2024.
  23. ↑ "Unstop Competitive Colleges 2023". unstop.com. Retrieved 18 June 2024.
  24. ↑ "D2C Competitive B-Schools 2021". unstop.com. Retrieved 1 September 2021.
  25. ↑ "Welcome to IIFT". Archived from the original on 29 July 2015. Retrieved 17 July 2015.
  26. ↑ "Welcome to IIFT". Archived from the original on 21 July 2015. Retrieved 17 July 2015.
  27. ↑ "Foreign Trade Review - SAGE Journals" . Retrieved 26 April 2017.
  28. ↑ "Research Division : Focus WTO" . Retrieved 26 April 2017.
  29. ↑ "IIFT ::. CITT ::. Welcome!". Archived from the original on 18 May 2011. Retrieved 3 May 2014.
  30. ↑ "Research Division @ Indian Institute of Foreign Trade". Archived from the original on 5 February 2015. Retrieved 26 April 2017.
  31. ↑ "Centre for Trade and Investment Law - Homepage" . Retrieved 3 January 2022.
  32. ↑ "Centre for SME Studies" . Retrieved 26 April 2017.
  33. ↑ "NEC inks MoU for study centre at IIFT Kolkata". The Shillong Times . GUWAHATI. 22 May 2019. Archived from the original on 22 May 2019. Retrieved 2 November 2019.
  34. ↑ "IIFT". Archived from the original on 5 August 2015. Retrieved 16 August 2015.
  35. ↑ "IIFT". Archived from the original on 5 August 2015. Retrieved 16 August 2015.
  36. ↑ "IIFT". Archived from the original on 16 October 2015. Retrieved 16 August 2015.
  37. ↑ "Rashesh Shah's journey from a small office in Nariman Point to Edelweiss House". The Economic Times. 6 June 2014. Retrieved 26 April 2018.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.