The Indian Institute of Foreign Trade (IIFT), New Delhi, has received approval from the Ministry of Education to establish an off-campus centre at Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, Gujarat.

This development aligns with the UGC (Institutions Deemed to be Universities) Regulations, 2023, and supports the objectives of the National Education Policy (NEP) 2020.

Key Highlights:

• The Ministry of Education granted approval under Section 3 of the UGC Act, 1956, following IIFT's successful compliance with conditions outlined in a Letter of Intent issued in January 2025. These conditions included submitting a development roadmap for a multidisciplinary institution accommodating over 1,000 students, ensuring the availability of qualified faculty, detailing academic programmes, planning for a permanent campus, and establishing a state-of-the-art library. 
• The new centre will be located on the 16th and 17th floors of GIFT Tower 2. It will offer IIFT's flagship MBA (International Business) programme, along with specialised short-term training courses and research opportunities in international trade and related fields. 
• Union Minister of Commerce and Industry, Piyush Goyal, congratulated IIFT on receiving the approval, stating that this initiative will pave the way for training talent in international business and conducting research in the area of international trade. 
• Established in 1963 under the Ministry of Commerce & Industry, IIFT was declared a Deemed to be University in 2002. It holds an A+ grade from the National Assessment and Accreditation Council (NAAC) and is accredited by the Association to Advance Collegiate Schools of Business (AACSB), placing it among a select group of globally recognised business schools. 
• The establishment of the GIFT City campus is expected to significantly contribute to India's trade education ecosystem and support the nation's aspiration of becoming a global export powerhouse.