Co-optex runs with profit in DMK regime: T.N. Handloom Minister Gandhi
The Hindu
Tamil Nadu Ministers R. Gandhi and K.N. Nehru inaugurated the renovated Co-optex showroom in Salem. After DMK came to power, Co-optex is running in profit. Revenue earned in 2021-22 was ₹9.49 crore, 2022-23 ₹10 crore and 2023-24 ₹22 crore. 500-1000 designs of silk and cotton sarees are available in Co-optex showrooms. Toda tribe's embroidery clothing items are sold through Co-optex. Special training given to employees on customer approach. Online sales earned ₹1.50 crore. Fake silk sarees identified with machine, cases registered against sellers.
The Tamil Nadu Minister for Handlooms and Textiles, R. Gandhi, said on Monday, October 2, that after the DMK came to power, Co-optex is running in profit.
Municipal Administration Minister K.N. Nehru and Minister for Handlooms and Textiles R. Gandhi inaugurated the renovated Co-optex showroom at Chinna Kadai Veethi in Salem on Monday. The showroom was renovated at a cost of ₹2.35 crore. After inaugurating the showroom, the Ministers inspected the showroom.
Speaking to reporters, Minister Gandhi said that before DMK came to power, Co-optex ran with a loss of ₹7 crores. After Chief Minister M.K. Stalin assumed office, various steps were taken, and in 2021–22, Co-optex earned ₹9.49 crore of revenue; in 2022–23, it earned ₹10 crore; and in 2023–24, Co-optex earned ₹22 crore of revenue so far. There are 154 showrooms of Co-optex across the country, and in Tamil Nadu, 105 showrooms are functioning, he mentioned.
The sales at the Co-optex showroom in Salem in 2021–22 were worth ₹6.06 crore; in 2022–23, it amounted to ₹10 crore; and for 2023–24, the target was fixed at ₹12 crore.
On a par with private showrooms, 500 to 1,000 designs of silk and cotton sarees are available for sale in Co-optex showrooms. Following the request of the Toda tribe with the Chief Minister M.K. Stalin to sell their embroidery clothing items through Co-optex, a cooperative society was established in Udhagamandalam for the sale of their products and they are also being sold in Co-optex showrooms across the country.
Special training was given to Co-optex showroom employees on handlingcustomers. The young generation prefers organic clothes from Co-optex. Through online sales, Co-optex earned ₹ 1.50 crore. Fake silk sarees are being identified and cases have been registered against people selling fake silk sarees, the Minister added.
During the function, Co-optex Managing Director R. Anandakumar, Handlooms Department Commissioner K. Vivekanandhan, Salem District Collector S. Karmegam, Salem City Mayor A. Ramachandran, MP S.R. Parthiban, MLAs R. Rajendran and R. Arul, Salem Corporation Commissioner S. Balachander participated.
KDEM and FKCCI partner to enhance Karnataka's digital economy, focusing on MSME growth and entrepreneurship beyond Bengaluru.
Elba Trading Company launches Presto Panini, a new lunch brand featuring focaccia sandwiches and salads for weekday dining.
Andhra Pradesh Ministers express deep sorrow over a tragic road accident in Karnataka, offering condolences and support to victims' families.
IUML secures a one-year Deputy Mayor term in Kochi Corporation, following a revised arrangement with Congress leadership.
Navi Mumbai International Airport dazzles with a spectacular drone show ahead of its commercial launch on December 25, 2025.
Karnataka bus-truck collision LIVE: Follow the Hindu's updates as a tragic bus accident in Chitradurga kills more than 11, injures dozens more.
A tragic collision between a truck and a bus in Karnataka leaves over 11 feared dead and many injured.
The Centre has set up the Bureau of Port Security under the Merchant Shipping Act 2025 to ensure regulatory oversight, coordination, and compliance with international security standards amid growing maritime and cybersecurity threats.
A senior doctor at IGMC Shimla was terminated after a brawl with a patient, revealing misconduct on both sides.
Actor Govinda joins 40-star campaigners for Shiv Sena in upcoming Municipal Corporation polls set for January 15.
New escalators are coming to foot over bridges at Chromepet and Taramani, enhancing pedestrian access and safety.
J&K Bank awarded ‘Best MSME Bank’ for excellence in MSME support and CSR initiatives at the 2025 MSME Banking Awards.
Over the decades, the Anglo-Indian Grand Christmas Ball in Chennai has stepped into many venues, from Railway enclaves to private halls. It has left an indelible mark on some of these venues, Faiz Mahal and Shiraz Hall, both in Egmore, counted among them. This Christmas Day (December 25), Faiz Mahal is playing host to yet another Grand Christmas Ball. The soiree is organised by Anglo-Indians but by no means restricted to them. In these times of dwindling Anglo-Indian presence even in enclaves with a distinctive Anglo-Indian flavour, this event signifies an effort to preserve a cultural tradition that has enriched Chennai