Home / Knowledge / News / Textiles / Co-optex registers 18% growth in profit
Co-optex registers 18% growth in profit
Sep '11
The Tamil Nadu Handloom Weavers' Co-operative Society, popularly called Co-optex, has registered an estimated net profit of Rs. 260 million during the fiscal 2010-11, up 18 percent from the Rs. 220 million earned in 2009-10.

According to the Department of Handloom and Textiles, Government of Tamil Nadu, the retail sales turnover for the last fiscal grew by 26 percent from 2009-10's Rs. 1.567 billion to Rs. 1.997 billion. This does not include sales made to refugees from Sri Lanka during 2009-10, but includes exports worth Rs. 18.1 million clocked during the last fiscal.

Co-optex, during the last fiscal, introduced 3,534 new designs and organized about 22 trade expositions, which tapped a total sales turnover of Rs. 27.4 million.

For fiscal 2011-12, Co-optex is planning to shift its focus on readymade shirts, churidars, home textile items and kurta materials.

At Kurinjipadi and Thiruvannamalai in Tamil Nadu, two major textile clusters are being developed at a total cost of Rs. 20 million, in addition to 10 mini clusters that are being developed with a total outlay of six million rupees per cluster.

The Central Government has also accorded its approval for a mega handloom cluster at Virudhunagar. Development of this cluster would involve an investment of Rs. 876.8 million, with Government of India allocating Rs. 700 million for the same and the State government bearing Rs. 88.4 million, while the rest Rs. 88.4 million would be contributed by the beneficiaries. The project would be developed over a span of five years.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Janak Dhamanwala & Sunil Dhamanwala

Moving towards sustainability is also a social change

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search