IIFT was setup in 1963 as an autonomous organization to help professionalize the country’s foreign trade management and increase exports by developing human resources, analyzing and disseminating data and conducting research.
The institute is headquartered in New Delhi and is affiliated under University Grants Commission (UGC). The functions and responsibilities of IIFT includes-
A catalyst for new ideas, concepts and skills for the internationalization of the Indian economy.
Acts as the primary provider of training and research-based consultancy in the areas of international business, both for the corporate sector, Government and the student community.
Upgrade its knowledge base with a view to servicing the requirements of the Government, trade and industry through both sponsored and non-sponsored research and consultancy assignments.
