Piyush Goyal, the minister of commerce and industry, has asked the Indian Institute of Foreign Trade (IIFT) to provide scholarships to support deserving and gifted students who wish to attend the institute. Scholarships, according to him, would make sure that no student was "discouraged from doing so because of the tuition structure or living expenditures" if they were talented and competent enough to pursue studies at IIFT.
Encouraging students from all backgrounds and regions of the country, Goyal continued, this would help the campus become more diverse. Last night, the minister spoke at the IIFT's 55th convocation. He also requested the IIFT board to think about approving more funding for the student councils to modernise and revitalise all of the campuses.
Goyal spoke about the 13-volume Restructuring Dossier for the Department of Commerce, which was launched today to make the department more contemporary while highlighting that trade is a critical lever that will determine India's economic progress. The Minister emphasised that India was experiencing rapid growth and stated that by 2030, our goal was to increase exports from USD 675 billion to USD 2 trillion. He exhorted the students to participate in this project.
Goyal advised the administration to work on establishing an international institute at GIFT city in Gujarat in collaboration with prominent universities around the world to prepare our students for the future. He also advocated for the implementation of student exchange and dual degree programmes.