FIRST NANO LIQUID UREA BY IFFCO

Subject: Economy

Context: In a statement, IFFCO said the “World’s 1st Nano Urea Liquid” was unveiled during its 50th annual general body meeting.

Concept:

FFCO Nano Urea Liquid is developed to replace conventional urea and it can curtail the requirement of the same by at least 50%.
It contains 40,000 ppm of nitrogen in a 500 ml bottle which is equivalent to the impact of nitrogen nutrient provided by one bag of conventional urea.
The Nano Urea Liquid, developed by IFFCO’s scientists and engineers, will be available in 500 ml bottles.
IFFCO has priced Nano Urea at Rs 240 per 500 ml bottle for the farmers, which is 10% cheaper than the cost of a bag of conventional Urea.

Indian Farmers Fertiliser Cooperative Limited (IFFCO)

IFFCO is large scale fertiliser cooperative federation in India which is registered as Multistate Cooperative Society.
It is one of India’s biggest cooperative society which is wholly owned by Indian Cooperatives.
It was founded in 1967 with just 57 cooperatives and at present it has amalgamation of over 36,000 Indian Cooperatives with diversified business interests ranging from General Insurance to Rural Telecom apart from its core business of manufacturing and selling fertilisers.
It is headquartered in New Delhi.