IIFT completes summer placements for 2018-20 batch; average stipend at Rs 1.48 lakh

The commerce ministry's Indian Institute of Foreign Trade (IIFT) Wednesday said it has completed summer placements for its 2018-20 batch with an average stipend of Rs 1.48 lakh.

Summer placement this year has witnessed participation from a large number of companies from diverse sectors and industries, IIFT said in a statement.

"The largest ever batch at IIFT with 321 students was placed across 90 companies with both the highest and average stipends seeing an upward trend," it said.

Among the 32 new companies that visited the institute this year includes Apollo Tyres, British Council Management Services, Edelweiss Asset Management, Genpact, Microsoft, MTR Foods, Phillips Healthcare, Pidilite Industries, and Swiggy.

"Tata Group remained a major recruiter with group companies making 15 offers across functions like sales and marketing, finance, general management and operations," it added.

Students got 16 international offers across Thailand, Africa, Singapore and the Middle East, the statement said.

(With inputs from agencies.)