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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    Manimore Synthetics Pvt Ltd

    Manimore Synthetics Pvt Ltd was incorporated in June, 1999 . It was promoted by Mr. Ajeet Yadav and Mr. Pawan Yadav. The company is engaged in manufacturing of grey knitted fabr

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    Maris Spinners Ltd

    Maris Spinners Limited (MSL) was originally incorporated as a private limited company on 18th September, 1979. However, from July 1994, the company became a deemed Public Limite

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    Midas Yarn Processors Pvt Ltd

    Midas Yarn Processors Limited (MYPL), was established by Mr. Anup Mittal in 1996 at Ahmedabad-Gujarat. It manufactures grey and dyed polyester yarn. Manufacturing unit of the co

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    Mittapalli Spinners Ltd

    Mittapalli Spinners Ltd was incorporated in 2010 at Narasaraopet, Andhra Pradesh, Mittapalli Spinners Ltd is engaged in the processing of cotton yarn in 21s to 40s count range

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    Mothi Spinner Ltd

    Mothi Spinner Limited, which started with a spindle capacity of 16,128 in 2000, currently has capacity of ~66,000 spindles. The Company primarily produces viscose yarn. It also

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    Mountain Spinning Mills Ltd

    Mountain Spinning Mills Ltd, a Tuticorin based company was promoted by Mr. G Vetrivel. The company is engaged in production of cotton yarn and has a manufacturing capacity of 2

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    Murlidhar Ratanlal Exports Ltd

    MREL, incorporated in 1981, is engaged in manufacturing & selling of jute & related products in domestic and overseas market. The company initially started its manufacturing ope

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    Mynah Industries Ltd

    Mynah Industries Limited has an International reputation for quality built over the past 15 years of innovation in the textile industry. Established in 1993 Mynah Industries Ltd

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    Nagammal Mills Ltd

    NMPL, incorporated in 1957 and promoted by Mr. Kumaraswamy, is primarily engaged in production of cotton yarn with focus on production of finer counts of yarn. It has an install