What is the full form of IFFCO
IFFCO: Indian Farmers Fertilizer Cooperative Limited
IFFCO stands for Indian Farmers Fertilizer Cooperative Limited. It is one of the leading cooperative societies in India wholly owned by the Indian Cooperatives. It is founded in 1967 with only 57 cooperatives and today, it is an amalgamation of more than 36,000 Indian Cooperatives with a wide range of business interests such as general insurance, rural telecom in addition to its core business of manufacturing and selling fertilizers.
In the FY 2014-15, its turnover was 25,048 crores. It is deemed to be registered as a multistate cooperative society after the enactment of the Multistate Cooperative Societies act 1984 & 2002. Sh. Paul Pothen was the first managing director of IFFCO. As of October 2017, Mr. Balvinder Singh Nakai is the Chairman and Dr. U.S. Awasthi is the M.D & CEO of IFFCO.
Vision
To enable Indian farmers to prosper through timely supply of relevant, reliable and quality agricultural inputs and services and run programs to improve their living standards.
Mission:
- To increase the income of farmers by improving their crop productivity
- To maintain and improve the environmental health
- To make cooperative societies economically strong
- To provide professionalized service to the farming community to empower the rural India
Awards
Some of the awards won by IFFCO are as follows:
- IFFCO bagged the first prize for its publication ?Golden Harvest? 2012
- ‘Environment Protection Award for an NP/NPK Complex Fertilized Plant, 2012
- Safety Innovation Award ? 2010
- ICWAI Award for Excellence in Cost Management ? 2009
- 10th Annual Greentech Environment Excellence Award 2009
- First ever dotCoop Global Award for Cooperative Excellence ? 2009
- It won three FAI awards -2007
- It won PRSI Award ? 2007
- The Phulpur Unit of IFFCO bagged Energy Conservation Award ? 2006-07
- IFFCO AONLA won National Energy Conservation Award ? 2006
- IFFCO Kandla won ? Golden Peacock Environmental Management Award 2006
- The Aonla unit of IFFCO won National Safety Council of India Safety Award ? 2004