IFFCO signs pact to develop co-operatives in Egypt
Wednesday, April 23, 2008; Posted: 10:56 PM

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New Delhi, Apr 23, 2008 (Asia Pulse Data Source via COMTEX) -- -- Country's leading fertiliser co-operative Indian Farmers Fertilizer Co-operative Limited has signed an agreement to develop co-operatives and share expertise in setting up of nitrogenous fertiliser plant in Egypt.

The objective is to ensure economic and social wellbeing of the people, particularly the farming community, IFFCO said in a statement.

The company inked the deal with Central Agricultural Cooperative Union (CACU), an umbrella organisation for growth of cooperative movement in Egypt.

IFFCO further said that "the company would provide its expertise in developing and integrating co-operatives of Egypt for the betterment of their members and assistance".

As part of the agreement, both IFFCO and CACU would make efforts toward co-operative trade, transfer of appropriate technology development in agricultural commodities and inputs, it added.

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