Indian Farmers Fertilizer Cooperative Limited (IFFCO) is a cooperative society involved in producing and marketing fertilizers.
As India's agriculture accounts for nearly 14.65% of its GDP, IFFCO plays a key role in this sector's growth by providing fertilizers to farmers nationwide.
IFFCO's mission
IFFCO aims to improve lives through:
- Delivering quality fertilizers to farmers nationwide efficiently.
- Producing fertilizers sustainably to conserve resources and energy.
- Using innovative, economical, and eco-friendly technology.
Functions:
- Production and distribution of fertilizers across India.
- Marketing of agriculture inputs such as seeds, pesticides, and micro-nutrients.
- Investing in agriculture research and development.
- Initiating rural development programs like education, healthcare, and skill development.
Strengths:
- Strong distribution network with over 36,000 cooperative societies and more than 50,000 retail outlets.
- Cost-effective production of fertilizers.
- Commitment to social responsibility and sustainable development.
- Transparent and efficient governance structure.
Weaknesses:
- High dependence on the fertilizer business.
- Limited operations primarily to India.
- Limited product portfolio to fertilizers and agriculture inputs.
- Stiff competition from other market players in the fertilizer and agriculture input industry.