IFFCO ranks No. 1 cooperative among world’s top 300 cooperatives- Report

This signifies that IFFCO is contributing significantly to the GDP and economic growth of the Nation, said World's top cooperative reacting to the remarkable feat
IFFCO ranks No. 1 cooperative among world’s top 300 cooperatives- Report
  • IFFCO ranked No. 1 Cooperative in the world among top 300 Cooperatives in 9th annual world Cooperative monitor (WCM) report

  • Proud moment for IFFCO as it topped the "World Cooperative Monitor" List of Turnover/GDP per Capita- Dr US Awasthi

New Delhi: With more than 36,000 member cooperatives and a group turnover of nearly 7 billion dollars, the Indian Farmers Fertiliser Cooperative Limited (IFFCO) has stepped up to 65th position in overall turnover ranking from 125th position in last financial year. Now IFFCO is at the top spot among 300 leading cooperatives in the world, according to the 2020 edition of the 9th annual world Cooperative monitor (WCM) report published by International Cooperative Alliance.

Reacting to the organisation's feat the Managing Director & CEO Dr US Awasthi said "#IFFCO ranked Number 1 #Cooperative in the world among top 300 Cooperatives. Proud moment for IFFCO as it topped the "World Cooperative Monitor" List of Turnover/GDP per Capita. Congratulations to Board, Delegates & Employees at IFFCO" on Twitter.

WCM's ranking report is based on the ratio of turnover over the 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 2020 edition of the 9th Annual World Cooperative Monitor (WCM) report published by International Cooperative Alliance (ICA)," IFFCO said in its official reaction to the development.

IFFCO with more than 36,000 member cooperatives and a group turnover of nearly 7 billion dollars, it is amongst the biggest cooperative institutions in the world, the official statement added.

The International Cooperative Alliance (ICA) and the European Research Institute on Cooperative and Social Enterprises (Euricse) launched the 2020 edition of the World Cooperative Monitor during an international webinar on Thursday.

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