International Flower Auction Bangalore (IFAB) Limited is a joint venture company of public and private shareholders, established during 2002 to strike the potential of both export and domestic flower market. The prime objective of the company is to auction high quality cut-flowers of various flowers crops, everyday. It creates a platform for both sellers and buyers, who can earn great profits. This is the first International Flower Auction Company in Asia situated in Bangalore, the Garden City of India.
Beginning of the IFAB was a very small venture, in which it started auctioning business in a small rented building with few growers and buyers. However, with its dedicated efforts and support of Central and State Governments, the organization has grown up in many more folds, facilitating a large number of growers and buyers. At present daily average volume of flowers auctioned in IFAB has gone up from 20,000 to one lakh.