Hailing IFFCO's initiatives to train the farming community on right use of fertilisers, advanced techniques and cash-less transactions, Prime Minister Narendra Modi has said that cooperative major's efforts will help in doubling farmers' income by 2022.
In a message on the occasion of IFFCO's golden jubilee year, PM Modi said, "IFFCO's contribution in the upliftment of farmers and co-operative organisations is praiseworthy."
In a letter to IFFCO managing director U S Awasthi, Modi said expressed his happiness at cooperative’s initiative in producing neem-coated urea. “We launched neem-coated urea in the country and I note with satisfaction IFFCO’s efforts to help us achieve this goal, read the PM’s message.
The Prime Minister praised IFFCO (Indian Farmers Fertiliser Cooperative) for conducting programmes across the country to train farmers and co-operative members about digitisation and cash-less transactions in the agri sector and right use of soil nutrients, among others.
Highlighting the government's resolve to double farmers' income by 2022, Modi said IFFCO's initiatives to connect farmers with best farm techniques would be helpful in achieving this target when India celebrates 75 years of independence.
Prime Minister ended his letter by wishing IFFCO “All the best” for its centenary celebrations which is slated to kick off at Kalol in the first week of November.
IFFCO, which was founded in 1967 with just 57 cooperatives, is today an amalgamation of over 36,000 Indian cooperatives.
The cooperative is conducting training programmes for farmers at 125 locations across the country as part of its 50 years of foundation.
IFFCO posted a turnover of over Rs 22,500 crore during last fiscal. Its total fertiliser production stood at around 85 lakh tonnes and it sold nearly 110 lakh tonnes last fiscal. IFFCO has five plants in India and three overseas.
Apart from its core business of manufacturing and selling fertilisers, IFFCO is also engaged in general insurance to rural telecom and rural retail businesses.
IFFCO's MD Awasthi this month completed 50 years in fertiliser sector, of which around 25 years are in the current organisation.