THICO Silks new team announces wage revision

A new administrative committee comprising of the following members have taken charge of the Thirubuvanam Silk Weavers’ Co-operative Production and Sales Society (THICO Silks) at Thirubuvanam near Kumbakonam recently.

L.S. Jothi is the president of the committee, G.K. Baskar, vice-president, and directors are R. Srinivasan, N.P. Nagendran, V. Narayanasamy, Ms. R. Varalakshmi, and Ms. M.J. Vijayakumari, said a release issued here by THICO silks.

The new president has announced 10 per cent wage increase for weavers of society with effect from May 1, 2013. The society hopes to achieve a sales target of Rs. 50 crore before March 2014, the president said.