Lok Sabha Question No. 262 (UNSTARRED), answered on 2025-02-04
Subject: Status of Indian Institute of Foreign Trade
Ministry: COMMERCE AND INDUSTRY
Asked by: Shri Tangella Uday Srinivas

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY (DEPARTMENT OF COMMERCE)

## LOK SABHA UNSTARRED QUESTION NO. 262 ANSWERED ON 04/02/2025

## STATUS OF INDIAN INSTITUTE OF FOREIGN TRADE

## 262. SHRI TANGELLA UDAY SRINIVAS:

Will the Minister of COMMERCE & INDUSTRY ( वाणिज्य एवं उद्योग मं त्री ) be pleased to state:

(a) the current status of the construction of the permanent campus of the Indian Institute of Foreign  Trade  (IIFT)  in  Kakinada,  including  the  progress  of  work  and  expected  timeline  for completion;

(b) the details of funds allocated, released and utilized by the Government for the construction of the IIFT, Kakinada campus, along with the budget breakdown;

(c) the  number  of  seats  available  for  each  course  at  the  IIFT,  Kakinada  campus  and  the number of seats filled in the current batch for each course;

(d) whether the Government has collaborated with any industry partners for the establishment and functioning of the IIFT, Kakinada campus, if so, the details of these collaborations; and

(e) the expected completion date for the permanent campus and the steps being taken to ensure its timely completion?

## ANSWER

## वाणिज्य और उद्योग मंत्रालय में राज्य मंत्री (श्री णिणिन प्रसाद)

## THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SHRI JITIN PRASADA)

(a) to (e) The structural works of all the buildings of the permanent campus of the Indian Institute of Foreign Trade (IIFT) Kakinada,  Andhra Pradesh are completed and finishing work have  been  completed  to  the  extent  to  80%.      The  development  work  and  procurement  and installation of electro-mechanical, Audio Video and networking etc. work has commenced.  As per timeline, the date of completion of the work is December, 2025.

The  estimated  capital  cost  of  construction  of  the  project  is  Rs.  229.81  Cr.  As  per  the approved  financial  model  in  the  SFC  meeting  held  on  2nd  December  2022,  the  capital expenditure  will  be  borne  by  the  Government  of  India  and  the  State  Government  of  Andhra Pradesh  in  the  ratio  of  50:50.  Against  the  allocated  amount  of  Rs.114.90  crores  by  each Government,  Government  of  India  has  released  Rs.51.90  Crores  and  Government  of  Andhra Pradesh has released Rs.20.40 Crores so far and the entire released amount of Rs.72.30 Crores have been utilized.

Currently, there is only one course i.e. Five-year Integrated Programme in Management (Business Analytics and International Business) is functional from the temporary campus in the infrastructure provided by Jawaharlal Nehru Technological University, Kakinada.  Against the total approved intake of admission of 60 seats (students) for 2024-25, 46  seats have been filled.

The  capital  expenditure  for  establishment  of  IIFT  Kakinada  campus  has  been  jointly borne by Government of India and Govt. of Andhra Pradesh.

The  project  is  monitored  in  regular  intervals  by  the  IIFT  and  the  Department  of Commerce ensuring the quality of the works and timely completion of the project.

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