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Co-optex records Rs 315 cr sales in 2016-17
24
May '17
Tamil Nadu Handloom Weavers' Co-operative Society, Co-optex, has recorded sales of Rs 315 crore during 2016-17. In a bid to increase sales, the society has initiated several steps including setting up of new outlets across the state. One such new showroom has been set up in Vedaranyam. Co-optex 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 said, according 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 increase sales, new Co-optex outlets were being established across the state, he said.

Set up in 1935, Co-optex currently has 194 outlets across 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 said. (SV)

Fibre2Fashion News Desk – India


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