The Indian Institute of Foreign Trade (IIFT), New Delhi, has received approval from the Ministry of Education to establish an off-campus centre at GIFT City, Gandhinagar, Gujarat. The new centre will operate in accordance with the UGC (Institutions Deemed to be Universities) Regulations, 2023, as announced by the Ministry of Commerce & Industry on Tuesday.
The approval, granted under Section 3 of the UGC Act, 1956, comes after IIFT successfully met the conditions outlined in the Letter of Intent (LoI) issued in January. These conditions included submission of a comprehensive development roadmap to build a multidisciplinary institution with over 1,000 students, appointment of qualified faculty, introduction of detailed academic programmes, plans for a permanent campus, and the establishment of a state-of-the-art library.
Union Minister of Commerce & Industry, Piyush Goyal, congratulated IIFT on the approval, stating:
“Heartiest congratulations to @IIFT_Official on getting approval to open its new off-campus centre in @GIFTCity_, India’s global financial hub. This paves the way for training talent in the institute’s flagship programme, MBA (International Business), besides short-term training programmes and research in the area of International Trade.”
The upcoming centre will be located on the 16th and 17th floors of GIFT Tower 2 and will offer IIFT’s flagship MBA (International Business) programme, along with specialised short-term courses and research opportunities in international trade and related domains.
Established in 1963 under the Ministry of Commerce & Industry, IIFT was declared a deemed-to-be University in 2002. The institute holds an A+ grade from NAAC and is accredited by AACSB, placing it among a select group of globally recognised business schools.
