JAMMU, Apr 22: The Indian Institute of Foreign Trade (IIFT) today held its 49th convocation at New Delhi.
In a well organized rally, four students received Ph D and 314 students received MBA degree in International Business. Dr Arvind Panagariya, Vice-Chairman of NITI Aayog, was the chief guest while Rajeev Kher, Commerce Secretary, Government of India and chairman IIFT, presided over the function.
Speaking on the occasion, Dr Arvind Panagariya highlighted how India has not looked back since the opening up of the economy in 1991. He commented on the debate about protectionism versus free trade and pointed out that policies focused on export promotion and free trade led to the emergence of India on the global stage.
Graduates of IIFT, he felt would be well equipped to take on the emerging global opportunities and contribute to India’s growth. He also advised the students that achieving success can come only through hard work, focus, perseverance, honesty and truthfulness.
Rajeev Kher, in his speech talked about how India’s economy is at its transformation phase and students at IIFT are placed at the forefront to en-cash these opportunities. Encouraging the students to build on the knowledge and skill gained at IIFT, he pointed out the necessity to “learn, unlearn and relearn” in these ever changing times. He emphasized that IIFT graduates would need to be at the forefront to build the transformational streak in our economy.
Director of IIFT, Dr Surajit Mitra, also pointed out to the students that the resurgent Indian economy was waiting them. He highlighted the various awards and competitions won by the students including the ET young leader’s award conferred to an alumnus for 2014. He said this batch saw the fastest 100% placements and a 30% increase in international placements with the highest foreign salary going up to USD 1,10,000 and highest domestic package of INR 24 lakhs.