IFFCO is Number 1 Cooperative in the World

The Indian Farmers Fertiliser Cooperative Limited (IFFCO) has been ranked again as Number 1 Cooperative among top 300 cooperatives in the world, sustaining its position from last year. The ranking is based on the ratio of turnover over gross domestic product (GDP) per capita. It signifies that IFFCO is contributing significantly to the GDP and economic growth of the nation. 

It relates the turnover of the enterprise to the wealth of the country according to the 2023 edition of the 12th Annual World Cooperative Monitor (WCM) report published by International Cooperative Alliance (ICA). IFFCO has also stepped up to 72nd Position in overall Turnover ranking from 97th position in last financial year. IFFCO along with its 35,500-member cooperative societies, 25,000 PACS and 52,400 PMKSK centres progressing towards ‘Atmanirbhar Bharat’ and ‘Atmanirbhar Krishi’ is a testimony of prosperity through cooperatives. IFFCO has maintained its No. 1 rank from past several years which is a testament to IFFCO and its management’s unwavering faith in the cooperative principles. 

Commenting on retaining the top position in consecutive years, Dr. Uday Shankar Awasthi, Managing Director, IFFCO said, “It is a proud moment for us at IFFCO and the Indian Cooperative Movement as well. At IFFCO, we are always committed towards the mission of increasing farmers’ income ensuring wholesome growth of farmers across the nation, and strengthening the cooperative movement. We believe in innovation as it is the key to success that is why we introducing Nanotechnology based solutions for agriculture especially alternative fertilizers, beginning with IFFCO Nano Urea Liquid which has been received very well by the Indian farmers. Later, IFFCO launched IFFCO Nano DAP which was recently mentioned in Annual Budget of Government of India. I congratulate each and every one at IFFCO and entire cooperative fraternity of the country for this momentous achievement.”

IFFCO continues to drive towards innovation with successful launch of Nanotechnology based IFFCO Nano Urea Liquid and Nano DAP Liquid which has the potential to revolutionize the way agriculture is being practised. Support from the Union Ministry of Cooperation led by Honourable Home Minister Shri Amit Shah has given an impetus to these efforts.

In recent years, IFFCO has been striving to change the agriculture scenario in the country. Working on the vision of Agriculture 2.0, IFFCO has invested in and has introduced pathbreaking agrotechnology including Nanotechnology based fertilizers, promotion of Agri-drones, rural e-commerce, digital enablement of farmers and farms, Internet of Things (IoT), etc. IFFCO aims to be the flag-bearer of the modern Indian Agriculture, by being the brand resonating with innovators and progressive rural entrepreneurs.