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Primary level co-op ULCCS ranks 2nd in ICA’s Co-op Monitor

World Co-operative Monitor, published by the International Cooperatives Alliance honours a primary level Indian Labour Co-operative. Kerala-based Uralungal Labour Contract Cooperative Society (ULCCS) has been ranked at Second position in the list of Industry and Utilities Co-operatives in the sectoral rankings. ULCCS has been named just below Spain based Corporation Mondragon. This ranking is based on the ratio of turnover over gross domestic product (GDP) per capita. ULCCS bagged the same position in 2018 and 2019.

The Industry and Utilities section includes cooperatives operating in industrial sectors with the exception of the food industry as well as those whose economic activity deals with utilities. It includes worker cooperatives in the construction sector and users’ cooperatives in the utilities sector, that is, cooperatives that are active in the management of infrastructure for a public service. The sector rankings edition is based on data from 2020.

Four cooperatives from India, viz., IFFCO, GCMMF, Kribhco and ULCCS figure in the sectorial report. Uralungal Labour Contract Co-operative Society- based at Vadakara in Kerala received membership to the International Cooperatives Alliance in 2019. ICA permanent membership is usually awarded to national apex bodies of co-operatives, but ULCCS was selected based on the performance of the society during the last 98 years. It was the first Primary Co-op Society that became an ICA member.

Read the rest at Indian Cooperative

 

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