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24-May-2017

After a record sales of Rs 315 crore in 2016-2017, Tamil Nadu Handloom Weavers' Co-operative Society, Co-optex, has initiated several steps including setting up of new outlets  across the state in a bid to increase sales. The society currently has 194 outlets across the country.

"Co-optex has recorded total sales of Rs 315 crore in 2016-17 and registered Rs two crore as profit. It has undertaken various steps during the current financial year to increase sales," Tamil Nadu handlooms and textile minister  O S Manian has said, according to an official release.

The minister was in Vedaranyam to inaugurate the new showroom which has been set up at a cost of Rs 30 lakh, the release said.  With a view to increasing  sales, new Co-optex outlets were being established across the state, Manian said.

Set up in 1935, Co-optex currently has 194 outlets  in the country. The newly opened outlet in Vedaranyam would sell a range of products including cotton shirts, sarees and bed sheets at 20 per cent discount. During festive seasons discounts would go upto 30 per cent, he added.

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