The Establishment of IIFT’s First Overseas Campus in Dubai
On May 16, 2023, the Indian Institute of Foreign Trade (IIFT), an esteemed autonomous body under the Ministry of Commerce and Industry, made headlines by announcing its inaugural overseas campus in Dubai. This significant move marks a pivotal moment not just for IIFT but also for Indian higher education as it embraces global expansion, strengthening India’s role in international business education.
Expanding Global Presence
The establishment of the Dubai campus is more than a mere foreign outpost; it signifies IIFT’s commitment to broadening its global footprint. As trade and commerce continue to globalize, the need for well-trained professionals in international business becomes paramount. This new campus aims to address that need by providing a platform for students to gain insights and knowledge that resonate within the global marketplace.
Aligning with NEP 2020
A release from the Commerce and Industry Ministry highlights that this initiative aligns with the vision outlined in the National Education Policy (NEP) 2020. This policy emphasizes the internationalization of Indian educational institutions, encouraging them to act as global learning hubs. By establishing a presence in Dubai, IIFT is stepping into a broader narrative about the global reach of Indian education.
Support from Government Officials
Union Commerce and Industry Minister Piyush Goyal expressed his enthusiasm regarding this landmark achievement. He described it as a manifestation of the spirit of NEP 2020, marking a new chapter in the internationalization of Indian education. Goyal further emphasized that the Dubai campus could enhance the already strong India-UAE partnership while playing a critical role in grooming the business leaders of tomorrow.
Commerce Secretary Sunil Barthwal echoed these sentiments, celebrating the development as a significant turning point in IIFT’s 62-year history. He mentioned that this bold step would not only contribute to IIFT’s growth but also promote world-class education tailored to international trade—a crucial area for India.
Commitment to Excellence
Rakesh Mohan Joshi, Vice Chancellor of IIFT, reiterated the institute’s commitment to excellence in education, research, and training, especially in the domain of international trade. Joshi expressed a strong desire to transform IIFT into a globally recognized institution that excels in shaping future leaders equipped with robust trade knowledge. This commitment is critical as global economic dynamics evolve.
Educational Collaboration with the UAE
The upcoming Dubai campus embodies a strengthening educational collaboration between India and the UAE. It is poised to become a dynamic center for nurturing business leaders who are fluent in both Indian values and an international perspective. Such a focus not only serves the Indian diaspora and international learners but also aims to amplify India’s educational presence in the Gulf region, fostering a diverse learning environment that benefits all stakeholders.
Preparing Future Leaders
As IIFT embarks on this exciting venture, the implications for future leaders in international trade are profound. The Dubai campus aims to be a conduit for preparing graduates who are not only adept at navigating the complexities of global commerce but also carry a sense of societal responsibility and ethical business practices, rooted in Indian ethos.
With this ambitious development, IIFT is not only advancing its mission but is also set to carry forth the Indian legacy of quality education into new territories. Through this strategic move, IIFT is poised to shape the future landscape of international trade education, grooming leaders ready to tackle global challenges head-on.
