Yarns Threads

Punjab Government reduces VAT rates for yarn

Punjab Government has issued a notification which reduces VAT rate on yarn. The state government announced reduction in VAT rates on all kinds of yarn, except polyester filament, from 6.5 per cent to 3.63 per cent. The rates will come to effect from April 1, 2016. The Punjab Spinners Association (PSA) has expressed relief at the notification. It said that the reduction in the rate of VAT would help ailing spinning mills to recover.
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Synthetic yarn industry faces rough waters

With China's economy is charting untested waters, it had already begun reducing its yarn import from India. Indian yarn production has gone down 40% in the year 2015. Globally, yarn demand has fallen around 60% according to industry sources. However, as a silver lining, the industry would have bottomed out as its competitiveness against cotton yarns is rising with increase in price of cotton. Prices of major raw materials like purified terephthalic acid (PTA) and mono-ethylene glycol (MEG) have also touched multi-year lows on account of lower crude prices. Overall, synthetic yarn industry is to face rough waters in the year 2016
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Indian mills modernization brings edge in world trade

Indian Spinning Industry is the most modern and efficient in the world. With 47 Million Spindles and 0.75 Mn Open-End Rotors, India has the world?s second largest spinning capacity, commanding a share of the global Cotton Yarn market . It is currently producing over 4700 million kgs of spun yarn of which over 3,400 Mn.Kgs is cotton yarn. Cotton Yarn accounts for nearly 73% of total spun yarn production. India produces a comprehensive range of yarns for every conceivable end use ? non-spun or open-end; combed or carded, basic, compact, mélange or fancy. India?s 1943 spinning mills produce them all for requirements ranging from a fine 200 count to a coarse 2 count. With more companies modernizing their mills with state-of-the-art technology, Indian cotton yarn markets is set to boost its
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    A B Cotspin India Ltd

    A B Cotspin Ltd was originally incorporated as Ganga Cottex Ltd and was later acquired by A B Cotspin. Now, the company is managed by Mr. Rahul Goyal and Mr. Piyush Kansal. Its

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    A I Champdany Industries Ltd

    AICIL, incorporated in 1873, was taken over by the Kolkata-based Wadhwa group from James Finlay & Co., U.K in 1967. Over the years, AICIL has expanded its capacity through orga

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    Abhishek Industries Ltd

    Abhishek Industries Ltd, is the flagship group of Trident group and is one of the world largest terry towel maker. The company is also the largest yarn producer in India. It is

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    Acme Yarns Pvt Ltd

    Acme Yarns Pvt. Ltd, is a spinning factory Located at GIDC, (about 1 hour from Ahmedabad). The unit has been primarily started to make 100% Cotton Yarns to cater to the Domesti

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    Adisankara Spinning Mills Pvt Ltd

    Adi Sankara Spinning Mills Pvt Ltd was set up in 1996 to intensify the group?s interest in the spinning business. In FY 06, Adi Sankara diversified into knitting fabric with th

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    Ahuja Cotspin Pvt Ltd

    Ahunja Cotspin Pvt Ltd was incorporated in the year 2010 in Ludhiana. It was promoted by Mr. Gulhashan Ahuja and Mr. Ashok Ahuja. The company is engaged in production of open

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    Akshar Spintex Pvt Ltd

    Akshar Spintex Pvt Ltd was incorporated in the year 2013 by Mr. Ashok Bhalala , Mr. Rajdeep Patel and Mr. Amit Gadiya and it started operations in the year 2014. It has set up

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    Alamelu Balaji Spinning Mills Pvt Ltd

    Alamelu Balaji Spinning Mills Pvt Ltd was established as Balaji Spinning Mills in Annur and the company is engaged in production of cotton yarns. Its manufacturing plant has a