Indian Institute of Foreign Trade - [IIFT]

About College

It is a vital aspect for any nation’s development to have a sound foreign trade expertise to strengthen the export business of the nation. India too, looks to do that through its various institutes of foreign trade and in the esteemed list of such institutes, a place is deserved by the Indian Institute of Foreign Trade- Delhi.

• It is an autonomous public business school established in 1963 by the Government of India (Ministry of Commerce and Industry) to help professionalize the country's foreign trade management and increase exports
• It has been given the status of a Deemed University by the UGC under section 3 of the 1956 UGC Act.
• The purpose of setting up this institution was to assist the government to change the country’s foreign trade management by making it more professionally oriented and hence increase exports
• The institute situated in the surrounding area of JNU, IIT- Delhi and has a sprawling area of over 6 acres
• It has taken up various exceptional research works with international organizations like the WTO, UNCTAD etc
• The institute also takes pride in training a massive 40, 000 and more professionals across many countries in a variety of international business and trade policy.
• The institute also offers specialized courses to the students so as to make them equipped with all the knowledge of the foreign trade and be able to make a stand in life. The flagship program offered at institute is MBA in International Business
• Adding to that, it has also provided consultations to the big names in the business field including FICCI, CII, FIEO, CID, Harvard University, European Union Office, USAID etc
• IIFT has student and faculty Exchange Programs with some international institutions like-  Bocconi University (Milano, Italy),International University in Geneva (Geneva, Switzerland), Pamplin College of Business, Virginia Polytechnic Institute and State University (Blacksburg, Virginia, United States), Grenoble école de management (Grenoble, France) etc

Academic: Except its academic programs IIFT also has some centers of excellence which promote the studies in various fields of international trade. These centers are-

• Centre for International Trade in Technology
• Centre for WTO Studies
• Centre for SME (Small & Medium Enterprises) Studies

Extracurricular: There is an official representative student body called International Management Forum (IMF) which acts as a coordinator for, and provides administrative support to, various student activities and events at IIFT.

The institute has the following clubs on campus to organize various extracurricular activities-

Blash - Trade and International Business club

Brandwagon- A forum for marketing

Quintessential - Quizzing club

Socrates - Consulting club

E-Cell - Entrepreneurship Cell

ABC - The Africa Business Cell

EOM-Cell - The Energy, Operations & Manufacturing Cell

Systemix - Systems Club for Information Technology

Capital- Finance Club

Publications: The students of the MBA (IB) course also issue five monthly magazines:

·         Trade Winds - The Magazine on Trade and International Business

·         Markmantra - The magazine for Marketing

·         Infineeti - The magazine for Finance

·         Techtonix - The magazine for IT

·         Strategos - The magazine for Consulting and Strategy

Facilities: Sumptuous facilities abound in the IIFT-Delhi campus. Some of them are described below-

Festivals: The Institute also conducts Trade Winds, the flagship event of IIFT for corporate interactions, and the annual management festival Quo Vadis

Quo Vadis- Quo Vadis, the Annual Management and Cultural Festival at the Indian Institute of Foreign trade is held annually in the month of November, The festival provides students a platform to showcase their business acumen and apply their classroom pedagogies in real life.

Ranking:

Placement Description: The final placement report of the 2014 MBA- International Business batch is listed below-

Domain wise Placement statistics-

• Scholarship: Ph.D. (full time) fellowship of Rs. 16,000/- per month for 1st two years.