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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    Hindoostan Mills Ltd

    Hindoostan Mills Ltd. was incorporated in 1873 under the leadership of Sheth Thackersey Moolji. The company engages in the manufacture and sale of textiles primarily in India. I

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    Hooghly Infrastructure Pvt Ltd

    HIPL, incorporated in January, 2008, was founded with the intention of acquiring a jute processing unit, named ?Hukumchand Jute Mill?. The acquisition, which cost Rs. 37.50 cror

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    Idupulapadu Cotton Mills Ltd

    Idulapadu Cotton Mills was established in 2000 with 13000 spindles and now expanded to 120000 spindles. It produces 100% cotton yarns. The company plans to expand its mill and h

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    Indo Rama Synthetics India Ltd

    Indo Rama Synthetics (India) Ltd. dates back to 1989, when it first forayed into the business of polyesters. Believing that polyester was going to be the fibre of the future, th

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    Integral Knit Co Ltd

    Integral Knit Co Limited manufactures cotton, acrylic and blended knitwear. The Company also manufactures synthetic yarn. Integral sells its products in India and abroad.

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    J K Synthetics Ltd

    J.K. Organisation as one of the largest private sector group in India. In 1921 J.K. Cotton Spg. Wvg. Mills Co. Ltd. was established in Kanpur to manufacture fine quality of yarn

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    Jagannath Textile Co Ltd

    Jagannath Textile Company Ltd., manufactures yarn in the count range of 4's to 40's in Open end and 20's to 60's in Ring Spinning. Its Forte lies in catering to all type of mark