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The Hindu
The Hindu
National
The Hindu Bureau

Co-optex runs with profit in DMK regime: T.N. Handloom Minister Gandhi

Co R Gandhi DMK MK Stalin Salem Tamil Nadu

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.

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