New Delhi: Dr. Ashish Bhutani, Secretary of the Ministry of Cooperation, chaired a high-level review meeting at Atal Akshaya Urja Bhawan, New Delhi, to assess the business activities and operational performance of subsidiary companies of Indian Farmers Fertiliser Cooperative Limited (IFFCO).
The meeting examined the diverse business operations of IFFCO’s subsidiaries and their contributions to strengthening the cooperative ecosystem. Discussions covered IFFCO’s expanding presence across multiple sectors, including fertilisers, agricultural inputs, crop sciences, financial services, insurance, logistics, digital retail and international operations.
The review highlighted IFFCO’s expansion beyond its traditional fertiliser business, reflecting the growing capacity of cooperative institutions to diversify their activities, explore emerging business opportunities and expand their operational presence.
Participants discussed the functioning of subsidiary companies, their business performance and their role in supporting the broader objectives of the cooperative movement.
The discussions also emphasised the importance of strengthening the business ecosystem of cooperative institutions in alignment with the government's vision of ‘Sahkar Se Samriddhi’.
The meeting was attended by Pankaj Kumar Bansal, Additional Secretary; Raman Kumar, Joint Secretary, Ministry of Cooperation; K. J. Patel, Managing Director, IFFCO; and senior officials from the Ministry, IFFCO and its subsidiary companies.
The review assumes significance as IFFCO continues to expand its business interests across several sectors. Its diversified operations demonstrate how a farmer-centric cooperative organisation can develop a broader business ecosystem while retaining its cooperative identity and commitment to serving the agricultural community.
The meeting provided an opportunity to assess the performance and contributions of subsidiary companies and discuss their continued role in strengthening India's cooperative movement.