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Indian Farmers Fertiliser Cooperative
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Indian Farmers Fertiliser Cooperative
Indian Farmers Fertiliser Cooperative Limited, also known as IFFCO, is a multi-state cooperative society engaged in the manufacture and marketing of fertiliser. IFFCO is headquartered in New Delhi, India. Started in 1967 with 57 member cooperatives, it is today the biggest co-operative in the world by turnover on GDP per capita (as per World Cooperative Monitor 2021), with around 35,000 member cooperatives reaching over 50 million Indian farmers.
With around 19% market share in urea and around 31% market share in complex fertilisers (P2O5 terms), IFFCO is India's largest fertiliser manufacturer.
The cooperative was ranked 66th on the Fortune India 500 list of India's biggest corporations as of 2017, with a net worth of $2.6 billion as of March 2021.
1960s
The food crisis of the early '60s mobilized India's farmers and the founding fathers of a 'young' India to look for longer-term solutions. International organizations, including the American Co-operative Study Team, conducted fertiliser feasibility studies in India to increase production. The cooperative sector in India at that time was distributing 70 per cent of the chemical fertilizers consumed in the country. This sector had adequate infrastructure to distribute fertilisers but no production facilities. With the introduction of multi-agency approach by the Government of India in the distribution of fertilizers during 1967, the private sector also entered the field of fertilizer distribution. Private sector production units provided more opportunities to the distribution network of private trade and gave secondary preference to the cooperatives in the matter of supplies. Due to this development, the cooperatives started getting less supplies of the fertilizers.
To overcome this limitation and also to bridge the growing demand for fertilizer in the country, a new cooperative was conceived. The notion of the cooperative was especially appealing for its core values of self-help, accountability, democracy, equality, equity and solidarity. In 1964, the Cooperative League of USA proposed to the Government of India that American cooperatives were interested in collaborating with Indian cooperatives in setting up fertiliser production capacity.
The idea appealed to the Government of India and eminent cooperators of the country. As a result, Indian Farmers Fertilizer Cooperative Limited (IFFCO) was conceived and registered on 3 November 1967, as a multi-unit cooperative society with the primary objective of production and distribution of fertilizers. American cooperatives, through Cooperative Fertilizer International (CFI) provided financial aid as well as technical know-how to IFFCO. 1967 saw proposals submitted for Ammonia, Urea and NPK plants, notably at Kalol and Kandla in Gujarat, and on 3 November 1967, IFFCO was registered as a multi-unit cooperative.
1970s
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Indian Farmers Fertiliser Cooperative
Indian Farmers Fertiliser Cooperative Limited, also known as IFFCO, is a multi-state cooperative society engaged in the manufacture and marketing of fertiliser. IFFCO is headquartered in New Delhi, India. Started in 1967 with 57 member cooperatives, it is today the biggest co-operative in the world by turnover on GDP per capita (as per World Cooperative Monitor 2021), with around 35,000 member cooperatives reaching over 50 million Indian farmers.
With around 19% market share in urea and around 31% market share in complex fertilisers (P2O5 terms), IFFCO is India's largest fertiliser manufacturer.
The cooperative was ranked 66th on the Fortune India 500 list of India's biggest corporations as of 2017, with a net worth of $2.6 billion as of March 2021.
1960s
The food crisis of the early '60s mobilized India's farmers and the founding fathers of a 'young' India to look for longer-term solutions. International organizations, including the American Co-operative Study Team, conducted fertiliser feasibility studies in India to increase production. The cooperative sector in India at that time was distributing 70 per cent of the chemical fertilizers consumed in the country. This sector had adequate infrastructure to distribute fertilisers but no production facilities. With the introduction of multi-agency approach by the Government of India in the distribution of fertilizers during 1967, the private sector also entered the field of fertilizer distribution. Private sector production units provided more opportunities to the distribution network of private trade and gave secondary preference to the cooperatives in the matter of supplies. Due to this development, the cooperatives started getting less supplies of the fertilizers.
To overcome this limitation and also to bridge the growing demand for fertilizer in the country, a new cooperative was conceived. The notion of the cooperative was especially appealing for its core values of self-help, accountability, democracy, equality, equity and solidarity. In 1964, the Cooperative League of USA proposed to the Government of India that American cooperatives were interested in collaborating with Indian cooperatives in setting up fertiliser production capacity.
The idea appealed to the Government of India and eminent cooperators of the country. As a result, Indian Farmers Fertilizer Cooperative Limited (IFFCO) was conceived and registered on 3 November 1967, as a multi-unit cooperative society with the primary objective of production and distribution of fertilizers. American cooperatives, through Cooperative Fertilizer International (CFI) provided financial aid as well as technical know-how to IFFCO. 1967 saw proposals submitted for Ammonia, Urea and NPK plants, notably at Kalol and Kandla in Gujarat, and on 3 November 1967, IFFCO was registered as a multi-unit cooperative.
1970s