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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    Nagreeka Exports Ltd

    Incorporated in March 1989, Nagreeka Exports Ltd (NEL) was promoted by late Mr. Ishwarlal Patwari. NEL is a part of Nagreeka group, which is engaged into trading and exporting a

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    Nahar Spinning Mills Ltd

    Nahar Spinning Mills Limited started out as a tiny worsted Spinning & Hosiery unit in Ludhiana. In 1992, as a measure of backward integration, the company diversified into the S

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    Nakoda Textiles Industries Ltd

    Nakoda Textiles is in the business of trading of yarn for a long time. Later is has established it's own texturising plant at Silvassa in the Union Territory of Dadra & Nagar Ha

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    Nellimarla Jute Mills Ltd

    Nellimarla Jute Mill and Empire Jute Co. Ltd., was set up long back in the year 1912, having legacy of Indian Industrialization. Empire Jute is one of the oldest functioning Com

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    Ozone P B Spintex Ltd

    Ozone PB Spintex Ltd (OPBSL), based in Gujarat, was incorporated in the year 2012. The company has commenced commercial operations in December 2014. The company is promoted by

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    P K Laxmi Mill Pvt Ltd

    P K Laxmi Mills Pvt Ltd was incorporated in 1989 in the name ''Goodwill Textile Mills Private Limited'. Later PKPN group has taken over the company in 2010 and renamed it as P K