UNI

IFFCO signed pact for the development of Cooperatives in Egypt with Central Agricultural Cooperative Union

23 April 2008

The Central Agricultural Cooperative Union of Egypt (CACU) have signed an agreement with world’s premier fertilizer cooperative, Indian Farmers Fertiliser Cooperative Limited (IFFCO) with an objective of ensuring economic and social wellbeing of the people, particularly farming community in their respective countries; and to also make available the expertise of IFFCO in setting up Nitrogenous Fertiliser Plant in Egypt.

A high level delegation led by Eng. Ahmed Abo Seadah, President, CACU with Members of Parliament representing Egyptian Cooperatives and Chairman of various Cooperatives visited India at the invitation of Dr. G. N. Saxena, Director (Cooperative Development), IFFCO.

In line with the assurance given by Dr. U. S. Awasthi, Managing Director, IFFCO to Mr. Amin Abaza, Minister of Agriculture of Egypt for providing managerial, technical and training expertise in promoting and developing in industrial and commercial cooperatives at its own cost in Egypt, the protocol agreement was initialled by Dr. G.N.Saxena and Eng. Ahmed Abo Seadah here.

IFFCO, a leading cooperative institution with all-round credentials of professional management in the field of cooperation will provide its expertise in developing and integrating cooperatives of Egypt for the betterment of their members and assistance to Egypt Government in line with their policies. Being a true cooperative in character, IFFCO is committed to share its knowledge with cooperatives of other countries for mutual benefit.

The CACU is the umbrella organization for the growth of cooperative movement and commands representation from all cross sections of cooperatives in Egypt.

As a part of this agreement, both IFFCO and CACU will make efforts in formation and furtherance of cooperative trade, transfer of appropriate technology development in agricultural commodities and inputs; will promote and spread cultural relations jointly between them and their members that includes exchange of cultural visits, studies and exhibitions.

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