Markfed began it's operations
in 1954 with 13 members and a share capital of 6,000 USD. Today, it has grown to become
the largest marketing co-operative in Asia with an annual business turnover of over 1.1
billion USD with nearly 4,000 employees and 12 industrial units.
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At present, about 3,000 co-operative
societies are it's members. Markfed has emerged as a very solid and stable
organisation committed to the service of the farmer community of the State of Punjab.
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Markfed has been awarded National
Productivity Awards in various fields like co-operative marketing activities, food
processing, cattlefeed production etc., to name a few.
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Several innovative
incentive schemes have been introduced for the benefit of the farmers and the member
co-operative societies. Markfed has also introduced an insurance scheme which provides
compensation in case of accidental death or permanent disablement of its farmer members.
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Markfed contributes to research
& development through the Punjab Agricultural University, Ludhiana (Punjab). It
also sponsors the weather forecast on India's National TV channel telecast for the benefit
of the farmers.
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Markfed has been regularly
distributing its profits as dividend to its members, contributing to co-operative
development and the common food fund. A fair amount is also re-invested in the setting up
of new projects, modernisation and diversification of existing plants.
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Markfed is also looking
for collaboration, technical know-how, high-tech processes, joint ventures, domestic and
export oriented units with buy-back arrangements in the international market in all
associated fields of interest.
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Asia's Largest
Marketing Co-operative
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Punjab Markfed is a marketing
federation of over three thousand societies representing the interests of over a million
farmers in the State of Punjab, (India).
With a turnover of over 1.1 billion USD, Markfed has won recognition and many awards from
the Government of India in various fields of excellence.
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Markfed provides innumerable services
to the average farmer in terms of
procurement, storage, processing and
marketing of agricultural produce
acting as a price support agency in the
field of foodgrains, oilseeds, and other farm produce
commercial trading of wheat, paddy and
cotton
formulation of high quality
agrochemicals
soil and water sample testing through
mobile laboratories for optimum use of fertilizers to increase farm productivity
processing and marketing of high
quality edible products like
sugar
basmati rice
canned products
refined oils (groundnut, cottonseed,
sunflower and mustard)
hydrogenated oil vanaspati
in domestic and international markets
In its movement to emerge as a true business
to business Internet enabled organisation, Markfed has its factories, offices, storage
godowns and district level centers interconnected through a network of wireless and
advanced satellite communication systems. The main factors contributing to Markfed's
progress have been its co-operative structure, government support, progressive policies
and dedicated personnel.
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Contact Information
- Telephone
- Phone PBX : (91)-(172)-660095-97,
660161-65, 660081, 609470, 605502
- FAX
- Fax : (91)-(172)-609471, Telegram: Markfed,
Telex: 395-7213 MFED-IN
- Postal address
- THE PUNJAB STATE CO-OPERATIVE
SUPPLY
AND MARKETING FEDERATION LTD.
- Markfed House, Sector 35-B,
- Chandigarh, Pin Code: 160 035, INDIA.
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