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IFFCO to launch Nano Urea

IFFCO to launch Nano Urea

  • Indian Farmers Fertiliser Cooperative (IFFCO) will launch Nano Urea in the market next month.
  • 500-ml Nano Urea, which costs 240 rupees, is equivalent to 45kg of normal urea, besides reducing the cost of cultivation, it increases the yield.
  • It is expected to reduce the consumption of normal urea substantially thus saving a huge sum on subsidy and forex.

Indian Farmers Fertiliser Cooperative Limited (IFFCO)

  • It is a multi-state cooperative society engaged in the business of manufacturing and marketing fertilisers.
  • It was started with 57 member cooperatives & it is the biggest co-op in the world by turnover on GDP per capita with around 35,000 member cooperatives reaching over 50 million Indian farmers.
  • With around 19% market share in Urea and around 29% 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 $2.3 billion as of March 2018.
Founded3 November 1967
HeadquarterNew Delhi, India
ChairmanB.S Nakai
MD & CEODr. U.S Awasthi