Co-optex clocks Rs 315 cr sales

OS Manian, Tamil Nadu Handlooms and Textile Minister, said that the Tamil Nadu Handloom Weavers’ Co-operative Society Ltd, popularly known as Co-optex, has recorded total sales of Rs 315 crore in 2016-17.

“Co-optex has recorded total sales of Rs 315 crore in 2016-17 and registered Rs 2 crore profit. It has undertaken various steps during the current financial year to increase sales, he said.

The Minister and senior Government officials were in Vedaranyam (a town in Nagapattinam district in Tamil Nadu) to inaugurate a new showroom set up at a cost of Rs 30 lakh. In the efforts to ramp up sales, he said one of the initiatives was to set up new Co-optex outlets across the State.

The newly opened outlet in Vedaranyam would sell various products including cotton shirts, sarees, bed sheets at 20 per cent discount. Set up in 1935, Co-optex currently has 194 outlets across the country.?