The Indian Institute of Foreign Trade was established in 1963 by the Government of India (Ministry of Commerce and Industry). The institute offers a Master of Business Administration in International Business (MBA-IB) which is also its flagship program. IIFT is the only institute among the top 10 business schools in India to offer such program. The institute with its robust infrastructure, strong faculty and dedication to excellence, has come into prominence as a National Institute for pedagogy and advocacy.

"Over the past 50 years, IIFT has produced front ranking executives and business & industry leaders. The IIFT Alumni has spread across the globe from America to Europe and from Dubai to Singapore," says Dr. Surajit Mitra, Director. Over the years, IIFT has not only achieved 100 per cent placement, but has also ensured that the companies visiting the campus for placement are reputed in the corporate world.

Realizing IIFT's potential, the management along with the initiative of Government of India, established it's Kolkata Campus in July, 2006. The institute also has an International Centre in Tanzania (Dar-es-salaam) in collaboration with a local partner. Thus, IIFT is not only a leading business school in India, but also a Centre of Excellence in international trade and business besides being a Research Hub and a Think Tank Institution for Government and Industry.