First time in 13 years, the state-owned handloom textile marketer Co-optex came out of red earning Rs two crore profit during 2012-13, a top official said today.
The Tamil Nadu Handloom Weavers’ Co-operative Society (Co-optex) recorded a sale turnover of Rs 245 crore and made a profit of Rs two crore, its Managing Director, U Sagayam said here.
He said Co-optex, which has 203 showrooms, including around 70 outside Tamil Nadu, had set a sales target of Rs 400 crore for the current fiscal.
To boost the sales, new varieties would be launched and a fashion show would be held in Chennai on May 4, he said adding similar event would be held in other cities.