The Indian Institute of Foreign Trade (IIFT) was set up in 1963 by the Government of India as an autonomous organisation to help professionalise the country's foreign trade management and increase exports by developing human resources; generating, analysing and disseminating data; and conducting research. The Institute visualises its role as:
The Institute's portfolio of long-term programmes is diverse, catering to the requirements of aspiring International Business executives and mid-career professionals alike. These are
At IIFT, our faculty comes from varied backgrounds, each having blazed a trail in their respective fields. As academicians, they hold international scholarships, contributing across global fora and shaping policy by their works! Our faculty are pioneers not just in academic content, but delivery as well, having IGNOU’s first online management degree program to set up their own B Schools! The reach of our faculty spans the breadth from India’s largest corporates to the World Bank, IMF, ADB, as well as a plethora of UN agencies such as UNESCO, UNDP, UNESCAP, and of course, the WTO.
A brief profile on each of our Chairpersons:
Dr. (Mrs.) Vijaya Katti, an eminent academician with 26 years of experience, is Chairperson (Management Development Programmes). She has extensive consulting experience, specifically having worked with the largest of Indian Firms in the textile sector. One of her special areas of expertise are the India-SAARC relationships.
Dr. Rakesh Mohan Joshi is the Professor and Chairperson, International Collaborations & Research. His case studies are extremely popular, published internationally, besides receiving several other approbations, and have even been awarded by London Business School. He also heads many international trade initiatives and has been associated with several multilateral organizations, such as the World Bank and the Asian Development Bank.
Dr. (Mrs.) Satinder Bhatia Is a doyen of International Financial Management, having covered many trade conference rounds extensively. Her particular area of interests is Policy-based research on International Trade. Apart from publishing two books, numerous research papers , she has also partnered with WTO,UNDP & UNCTAD for policy research.
Dr. (Mrs.) D. Sunitha Raju is a highly experienced academician, having extensive experience in the fields of Economic Environment and Policy.
Prof. K. Rangarajan is Head, IIFT-Kolkata Centre and also, Head, Centre for MSME Studies. He is an Accredited Management Teacher (AMT conferred by AIMA) and is a member of several professional bodies including AIMM (Australia). His expertise includes Business Strategy and Strategic Planning.
The Indian Institute of Foreign Trade has extended beyond Delhi to West Bengal as its first ever campus outside Delhi. The Government of West Bengal has allotted 7 acres of land in 2006 for the campus. With the active support of both Central and State Governments, the Kolkata campus of IIFT will be operational from its own premises this year. The new campus will be having all the state-of the art facilities for International Business education, training and research. In order to make the campus more relevant, it is proposed to offer courses more specific to the region which can help the industry to get the right manpower for addressing the current demands. Currently, the IIFT (Kolkata Centre) is functioning from the rented accommodation in Salt Lake from 2006.
The flagship programme of IIFT which is MBA in International Business is already catering to the Pan-India requirements. Similarly, for the working executives, the Part Time programme for three years and diploma programme for eighteen months in International Business are already on offer. However it is proposed to launch two more new courses sensing the industry requirement of West Bengal region. The campus will offer Post Graduate Diploma in International Financial Operations and also a Certificate Programme in Export and Import Procedures and Documentation. Given the focus and priorities of both Central and State Governments these courses will help the working executives and the budding entrepreneurs from this region in acquiring the requisite skills to find place on the global industrial map.
Moreover, the IIFT campus at Kolkata houses a WTO cell to cater to the policy requirement for international business. This helps to enhance the capacities of bureaucrats and industries alike on policy and advocacy issues involving international business like WTO, FTA, and PTAs etc. This cell also caters to the specific policy research areas of both the state and central governments.
The MBA (International Business) is a flagship course of Indian Institute of Foreign Trade which is one of a kind in the country. The six tri-semester course is well reputed for developing skilled managers by equipping them with the nuances of general management along with special focus given towards international business. The academic curriculum is designed so as to incorporate a professional approach and sensitivity to international business environment. The focus is on developing a capable workforce within the country who has a complete understanding of the ever changing international scenarios so that they can weigh and analyze the impact of those changes in domestic market. Most of the subjects covered in the curriculum include a touch of international management as per the needs of the global economy.
IIFT also offers three year Part time MBA (International Business) to working executives on weekends where the course curriculum is similar in content to the full time programme. Moreover, executive programmes are offered by IIFT to middle and senior level executives as well as doctoral programmes are also available.
The recruiters at IIFT have been offering a wide variety of profiles. The Final placement of 2013-14 consisted of companies like Philips, Russell Reynolds, Royal Bank of Scotland, JP Morgan, Medtronic, Stryker, Bunge, Trimex, Britannia, Sab Miller, HCL, Emami, Nokia, Tata Steel, Trident, Eli Lily, Baja Auto, HT Media, KPMG, Deloitte, Google, ITC Infotech, Mahindra Comviva, Amazon, SAP India, Cognizant Business Consulting, ITC, Sproxil, Axtria, Tata NYK and MEC Intelligence among others.
This year’s summer placement was also a resounding success with the largest batch ever of IIFT getting placed in record time. Companies which visited the campus included, among others, Goldman Sachs, Nomura, JP Morgan, Godrej Industries, Flipkart, Aditya Birla Group’s Madura F&L, Vodafone, Akzonobel, Multi Screen Media (MSM), Times OOH Axis Bank and ICICI. Companies like Bill and Melinda Gates Foundation, Maersk Line and Global e-procure also made offers to the students.
IIFT has one of the toughest selection processes in the country for its flagship MBA course and has maintained its legacy as a premier top 10 business school in India. Around 50,000 students apply for the IIFT exam every year and only the cream (top 250 students) make it. As a result, the quality of students is exquisite and IIFT is and will remain a dream for every MBA aspirant. The student profile at IIFT is diverse representing all backgrounds in engineering to students from basic sciences, medical stream and fashion technology. The peer to peer learning is immense due to varied background and work experience of the students at IIFT. IIFT generally has 30 – 40 % of freshers in the batch creating the ideal learning environment for students.
IIFT has a great legacy and with it comes the fact that all activities on campus are completely handled by the students themselves. IMF Student council represents the student community at IIFT and is elected annually by the students. The Placement Committee takes care of all placements for students. Melange is the cultural committee at IIFT and the strong alumni network of more than 50 years is handled by the alumni committee. All media relations of the college are handled by the Media committee. There is a great degree of bonding between seniors and juniors and some of the most valuable learning on campus happens through knowledge transfer from seniors to juniors. There are various domain specific cells and clubs at IIFT like Brandwagon - the Marketing Club, Capital - the Finance Club and so on. These help students get better understanding of the respective domains. IIFT students have excelled in various corporate competitions and have laurels in various domains like the National CFA Challenge Winners. Talent at IIFT is honed to meet the best industry expectations and the students at IIFT can compete with the best in business and come up trumps.