Angkasa and IFFCO sign MoU to empower agricultural sector
KUALA LUMPUR (June 19): Angkatan Koperasi Kebangsaan Malaysia Bhd (Angkasa) has signed a Memorandum of Understanding (MoU) with Indian Farmers Fertilizer Co-operative Limited (IFFCO).
The MoU aims to open up more business opportunities for cooperative movements in Malaysia and India in the agriculture, agribusiness and plantation sectors.
Through the MoU, cooperatives involved in plantations, agriculture and agribusiness would get a supply of nano-urea – an environmentally friendly, safe and nutrient-boosting fertilizer – at a reasonable price.
The collaboration would also offer Malaysian cooperatives products and services in relevant sectors in return for IFFCO’s cooperation.
Entrepreneurs and Cooperative Development Minister Tan Sri Noh Omar said the collaboration would help the government’s efforts to empower the agricultural sector.
He said the cooperation will also help entrepreneurs, especially cooperatives, to ensure that the quality and yield of the country’s agricultural products are in line with the Agrifood Policy 2021-2030.
“Through the agreement that had been signed, Angkasa agreed in principle to import the nano-fertilizer and carry out preliminary tests on its use on the agricultural lands that were identified.
“This effort is a step forward, especially to ensure environmental sustainability, as no chemical components are used in the manufacture of the nano-fertilizer,” he said in a statement released by Angkasa on Sunday.
Noh said the role of cooperatives should be expanded from involvement not only in credit and education services, but also in other high-impact sectors such as agribusiness that would benefit the people and to the economy.
He said it coincided with the 100th anniversary of the founding of the cooperative movement in Malaysia.
The MoU was signed as one of the agendas for Noh’s working visit as head of a Malaysian cooperative delegation to the General Assembly of the International Cooperative Alliance, General Assembly elective of the ICA and to “Cooperatives: the time has come!” » conference in Seville, Spain, June 19-22.
Noh witnessed the signing of the MoU by Angkasa Chairman, Datuk Seri, Dr. Abdul Fattah Abdullah, and IFFCO Marketing Director, Yogendra Kumar.
Angkasa acted as a facilitator in accordance with its role as the supreme organ of the national cooperative movement that unites and represents cooperatives at the national and international levels.
The MoU would be in effect for two years from Sunday June 19 and the collaboration could be extended based on discussions and agreement between the two parties.
IFFCO has been crowned the best cooperative in the world in the Top 300 World Co-operative Monitor 2021. It is wholly owned by Co-operative Societies of India and is the largest fertilizer manufacturer in the country.