Fertiliser major IFFCO announced that it has been ranked as the biggest cooperative in the world by ‘Word Cooperative Monitor’ report 2018. The International Cooperative Alliance (ICA) and the European Research Institute on Cooperative and Social Enterprises (Euricse) publish the world cooperative monitor report.
The report was based on the ratio of turnover over gross domestic product (GDP) per capita. IFFCO has nearly 36,000 member co-operatives and a turnover of nearly USD 3 billion (FY 2017-18). It has retained this position from 2016.
Source- The Financial Express
Static/Current Takeaways Important For IBPS PO Mains Exam 2018:
- IFFCO Stands for Indian Farmers Fertiliser Cooperative.
- IFFCO Headquarters: New Delhi, Chairman: Mr. B. S. Nakai.