When was The Indian Institute of Foreign Trade Founded?

The Indian Institute of Foreign Trade (IIFT) is a preeminent organization that disseminates knowledge and expertise in international business and trade. Established with the aim of fostering excellence in global trade and commerce, IIFT has been instrumental in producing skilled professionals and contributing to India’s engagement in the global economy. This article explores the founding of the Indian Institute of Foreign Trade and provides information on nearby bus stops, railway stations, and airports for convenient access.

Founding and Establishment:

The Government of India founded the Indian Institute of Foreign Trade in 1963 as a stand-alone organization to improve the nation’s capacity for managing foreign trade. It was set up in collaboration with the United Nations Conference on Trade and Development (UNCTAD) and the Ministry of Commerce and Industry.

Expansion and Development:

Over the years, the Indian Institute of Foreign Trade has witnessed substantial growth and development. It has expanded its academic programs and research initiatives to address the evolving demands of the global business landscape. Today, IIFT operates from its two campuses, located in New Delhi and Kolkata, and continues to uphold its reputation as a leading institute in international business education.

Contributions to International Business:

The Indian Institute of Foreign Trade has played a pivotal role in producing professionals well-versed in international business practices. It offers specialized programs in areas such as International Business, International Marketing, Trade Policy, and Global Supply Chain Management. Through its rigorous curriculum and industry-oriented approach, IIFT equips students with the necessary skills and knowledge to navigate the complexities of international trade.

Research and Collaborations:

IIFT is actively engaged in research and collaboration to advance knowledge in the field of international business. The institute conducts research on various aspects of global trade, including trade policies, market dynamics, and emerging trends. It collaborates with national and international organizations, government bodies, and industry partners to foster knowledge exchange and contribute to policy formulation.

Transportation Access:

For those planning to visit the Indian Institute of Foreign Trade, here are some transportation options:

1. Nearest Bus Stops: The IIFT campus in New Delhi is well-connected by road. The nearest bus stops are Qutab Institutional Area and Hauz Khas. The Kolkata campus, located in Salt Lake City, is also easily accessible by bus, with various routes passing through the area.

2. Nearest Railway Stations: For those traveling by train, the nearest railway station to the IIFT campus in New Delhi is Hauz Khas Railway Station. The Kolkata campus is conveniently located near Bidhannagar Railway Station.

3. Nearest Airports: The nearest airport to the IIFT campus in New Delhi is the Indira Gandhi International Airport, which is a major international airport with domestic and international flight connections. The Netaji Subhas Chandra Bose International Airport serves the Kolkata campus.

Since its establishment in 1963, the Indian Institute of Foreign Trade has been a hub of excellence in international business education and research. It has contributed significantly to India’s engagement in the global economy by nurturing skilled professionals and fostering knowledge exchange. With its two campuses in New Delhi and Kolkata, IIFT continues to be a prominent institution for those seeking expertise in international trade and business. Convenient access to the campuses through nearby bus stops, railway stations, and airports ensures ease of transportation for students, visitors, and professionals engaging with the institute.