New Delhi, Apr 23: Indian Farmers Fertiliser Cooperative Ltd (IFFCO) and Central Agricultural Cooperative Union of Egypt (CACU) have signed an agreement aimed at ensuring economic and social wellbeing of the people, particularly farming community in their respective countries.
As a part of this agreement, the expertise of IFFCO will also be made available in setting up Nitrogenous Fertiliser Plant in Egypt.
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.
IFFCO, a leading cooperative institution with allround 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.
A high level delegation led by Eng Ahmed Abo Seadah, President, world's premier fertiliser cooperative 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 Develoment), 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.
The CACU is the umbrella organisation for the growth of cooperative movement and commands representation from all cross sections of cooperatives in Egypt.