The Indian Institute of Foreign Trade (IIFT) was set up in 1963 by the Government of India as an autonomous organisation to help professionalise the country's foreign trade management and increase exports by developing human resources; generating, analysing and disseminating data; and conducting research.

Today it is one of India's most prestigious business schools.

The mission of the institute is to globally strengthen, sustain and professionalise business knowledge through creative research and teaching and learning and by integrating with organisations, institutions and universities