Kandla: IFFCO, world’s leading Fertilizer Cooperative got the highest tax payer award at Deendayal Port Trust Kandla, Gujarat by the Customs Department. The award has again shown IFFCO’s contribution to the growth & development of economic growth of our country. A Proud moment for everyone at IFFCO & Indian Cooperative Movement. The award contained a Citation Plaque and was presented to O P Dayama, Sr. GM (Plant Head, IFFCO Kandla) by S.K. Mehta, IFoS, Chairman, Deendayal Port Trust, Dr. Amiya Chandra, ITS, Development Commissioner, KASEZ and T.V. Ravi, IRS, Commissioner of Customs (Kandla & Mundra) on the occasion of International Customs Day celebrated on 27th January 2021 at Gandhidham, Gujarat.
Indian Farmers Fertiliser Cooperative Ltd. (IFFCO) is the largest Fertilizer manufacturer and marketer in the Indian Subcontinent region. IFFCO has a turnover of ₹ 29,412 Crores. Also, IFFCO has a global group turnover of ₹ 57,778 Crores.
According to recently published the 9th Annual World Cooperative Monitor (WCM) report published by International Cooperative Alliance (ICA), IFFCO has been ranked First among Top 300 global Cooperatives as per ratio of turnover over Gross Domestic Product (GDP). This report published by ICA and European Research Institute on Cooperative and Social Enterprises (Eurocise) clearly indicates that IFFCO is contributing immensely in the GDP and overall economy of the Nation. This year’s Fortune India 500 Edition for the year 2020 has also ranked IFFCO on 57th position amongst the Top 500 Indian companies. IFFCO have moved one position up as of it’s last year position.
IFFCO is one of the world’s largest cooperative societies and is wholly owned by Indian cooperatives engaged in the manufacture, sale and distribution of fertilizers. Founded in 1967 with just 57 cooperatives, it is an amalgamation of over 35,000 cooperatives today, with diversified business interests ranging from general insurance to food processing and presence in Oman, Jordan, Dubai and Senegal. With 5 fertilizer manufacturing facilities in India and an extensive pan-India marketing network every third bag of Phosphatic fertilizers and every fifth bag of Urea marketed in India is handled by IFFCO. During 2019-20, IFFCO produced 9.14 million tonnes of fertilizer and sold approximately 13.33 million tonnes to Indian farmers. IFFCO has always been in inclusive and holistic development of the Indian farming community and Indian agriculture by its inclusive business model involving the cooperatives of the country. Its several development initiatives like CORDET, IFFDC and IKST work specifically in this direction. IFFCO has also invested in food processing & organics.