IFFCO Retains Crown as World’s No. 1 Cooperative Society in 2023 World Cooperative Monitor Report

Indian Farmers Fertilizer Cooperative Limited (IFFCO) has once again clinched the top spot among the world’s leading 300 cooperatives, reaffirming its pivotal role in bolstering the nation’s GDP and economic growth. This recognition, as per the 2023 edition of the 12th annual World Cooperative Monitor (WCM) report by the International Cooperative Alliance (ICA), underscores IFFCO’s unwavering commitment to driving prosperity through cooperation.

With a staggering turnover and a notable rise in its global ranking, IFFCO’s steadfast dedication to cooperative principles stands as a beacon of success in India’s cooperative landscape. The organization’s ascent to the 72nd position in total turnover signifies its substantial contribution to the country’s economic fabric.

Under the visionary leadership of Shri Amit Shah, Hon’ble Minister of Home and Cooperation, Government of India, and buoyed by the establishment of the Ministry of Cooperation, India’s cooperative movement has flourished, creating a conducive environment for entities like IFFCO to thrive.

Embracing the ethos of “Prosperity from Cooperation,” inspired by the Hon’ble Prime Minister’s mantra, IFFCO has pioneered groundbreaking initiatives such as the development of Nano Urea and Nano DAP, revolutionizing agricultural practices. Furthermore, the acquisition of 2,500 agricultural drones underscores IFFCO’s commitment to leveraging cutting-edge technology for the benefit of farmers.

Dr. Uday Shankar Awasthi, Managing Director of IFFCO, expressed pride in the organization’s achievements, emphasizing its dedication to doubling farmers’ income and fostering agricultural development nationwide. The successful launch of innovative products like IFFCO Nano Urea and Nano DAP epitomizes IFFCO’s relentless pursuit of excellence.

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In alignment with the vision of ‘Make in India’ and ‘Atmanirbhar Bharat,’ IFFCO’s endeavors exemplify its unwavering commitment to fostering self-reliance in the agricultural sector. Through initiatives such as Agriculture 2.0, IFFCO is spearheading a transformative journey, marked by technological innovation and digital empowerment.

The release of the 2023 edition of the World Cooperative Monitor underscores the global significance of cooperative enterprises in addressing contemporary challenges such as COVID-19 and climate change. By providing a comprehensive evaluation of the cooperative landscape, this report serves as a vital resource for policymakers and stakeholders worldwide, reaffirming the indispensable role of cooperatives in driving socio-economic progress.