IIFT Kakinada campus to be inaugurated today by Union Finance Minister Nirmala Sitharaman

Recently, the Ministry of Commerce and Industry granted INR 230 crores in order to establish the third branch of IIFT. Currently, IIFT has two branches - in Kolkata and Delhi, respectively.

IIFT Kakinada’s Temporary Campus: Union Finance Minister Nirmala Sitharaman is all set to inaugurate the Indian Institute of Foreign Trade, IIFT Kakinada’s temporary campus today, October 28, 2022. The finance minister will be inaugurating the temporary campus for IIFT Kakinada at Jawaharlal Nehru Technological University, JNTU Andhra Pradesh.

Recently, the Ministry of Commerce and Industry granted INR 230 crores in order to establish the third branch of IIFT. Currently, IIFT has two branches - in Kolkata and Delhi, respectively.

According to local media reports, FM Sitharaman will visit the campus of JNTU Kakinada and inaugurate the temporary campus for IIFT Kakinada today by 11 AM.

All arrangements for the Union Minister's visit were reviewed by Kakinada District Administration led by district in-charge Collector Ilakkiya and Kakinada MP Vanga Geetha and MLA Dwarampudi Chandrasekhar Reddy

Established in 1963, the Indian Institute of Foreign Trade, IIFT works as an autonomous body under the Ministry of Commerce and Industry.

Over the years, IIFT has emerged as a top national institute with a focus on International Business and Strategy. The institute has three major focus areas – Research, Training and Education.

The aim behind establishing IIFT is to contribute in improving skills and skill building for the external trade sector of India. IIFT was granted 'deemed to be university' status in 2022. IIFT was also credited as a NAAC Grade A institution in 2005 and 2015.

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