52nd AGM: Sanghani greets Team IFFCO for spectacular performance

Feeling a little apologetic about a shortage of space on the dais to accommodate all the dignitaries sitting in the audience, IFFCO Chairman Dileep Sanghani kicked off the 52th AGM with unprecedented enthusiasm at the NCUI Auditorium in Delhi on Tuesday.

“I am delighted to inform you that your Society has once again been ranked No 1 Agriculture Cooperatives around the world based on Turnover/GDP Per capita. The “World Cooperative Monitor Report”, in its 2022 edition, has published this report”, said Sanghani amidst cheers from the audience.

Sanghani also informed that for the 22nd year, IFFCO is announcing a maximum possible dividend of 20% to its members. I am also happy to note that the IFFCO team led by MD Dr U S Awasthi is internally planning to ensure an assured dividend of 20% for the next 25 years, revealed Sanghani.

Besides Nano’s success, the launch of two books on MD Dr Awasthi’s life was also the talk of the town (AGM). Delegates who had come from across the country were excited to know the man in detail, who not only led IFFCO to great heights but also made it number one co-op world-wide in its category. Each RGB member was presented with books on this occasion.

“I am happy to share with you that during the year under review, the Society sold 128.07 lakh fertilizer material consisting of 76.83 lakh MT Urea and DAP 32.80 lakh MT achieving the highest ever sale of 326.56 lakh bottles of Nano Urea (liquid)”, stated Sanghani. He added “I am extremely satisfied to share that the Society achieved the highest ever Profit before Tax of Rs 4,107 crore and the highest Sales Turnover of Rs 60,324.00 crore during the year.”

IFFCO indeed had a litany of achievements to showcase this year like the Foundation laying ceremony of Nano Urea plant at Deoghar in Jharkhand performed by Amit Shah, , manufacturing units of Nano Urea at Pulpur and Aonla inaugurated by Dr. Mansukh Mandaviya, and Nano DAP approved by the Ministry of Agriculture and notified in the Fertiliser Control Order 1985. Shah dedicated IFFCO Nano DAP to the nation.

Environment conservation has always been of paramount importance for the Society and it is committed to fulfilling PM’s vision of a Cleaner and Greener India. I am very happy to share that IFFCO has planted about 100 lakh Neem saplings till date to promote a Clean Environment and meet ecological objectives, said Sanghani speaking on the occasion.

Paying glowing tributes to the IFFCO MD, Sanghani said “All these achievements of your Society are the result of Visionary, Innovative and Inspirational leadership of Dr. U.S. Awasthi, Managing Director, IFFCO teaming with a highly professional and motivated workforce. I am sure that his farsighted decision to implement multi-faceted initiatives to augment Farmers’ Welfare and take them to the Last Mile across the country will contribute effectively towards Nation Building.”

Speaking soon after the presidential speech, IFFCO MD Dr U S Awasthi said that it’s a matter of great pride that for the first time in the country, we have produced a fertilizer which is totally indigenous. Calling Nano futuristic Awasthi said that so far, we were dependent on imports but the arrival of Nano on the scene has changed the game. “It is a perfect example of self-reliant India, a dream seen by the Prime Minister.

Awasthi also exhorted the delegates to help popularize Nano in their respective areas and gave an example of a RGB from J&K who sells 500 to 1000 bottles everyday by moving around in his area on bicycle.