New Delhi:The Indian Farmers Fertiliser Cooperative Limited (IFFCO) has stepped up to 65th position in overall turnover ranking from 125th position in last financial year and now is at the top spot among 300 leading cooperatives in the world, according to an official release.
The ranking 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.
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, it said.
Dr U S Awasthi, MD, IFFCO said it is a proud moment for IFFCO and cooperative as well.