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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    Rajapalayam Mills Ltd

    RML, incorporated in 1936, is primarily engaged in production of cotton yarn. With manufacturing facilities in Tamil Nadu and Andhra Pradesh, RML?s scale of operations is modera

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    Raju Spinning Mills Pvt Ltd

    Raju Spinning Mills Pvt Ltd was incorporated in 1983 at Rajapalayam, Tamil Nadu to manufacture cotton yarn. RSMPL has 2 spinning units at Srivilliputur taluk with total installe

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    Ranganayaka Spinning Mills Pvt Ltd

    Ranganayaka Spinning Mills Pvt Ltd was incorporated in Feb 2006 and registered office located at Guntur, Andhra Pradesh. Company is engaged in manufacturing of cotton yarn. The

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    Rashmi Yarns Ltd

    Rashmi Yarns Ltd has its manufacturing facilities in Silvassa is a manufacturer of textured and twister polyester yarn. In December 2016, the company plans to expand its partial

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    Reliance Industries Ltd

    Reliance Industries Limited (RIL) is India's largest private sector enterprise. Starting with textiles in the late seventies, the company has pursued a strategy of backward vert

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    Rohini Textile Industry Pvt Ltd

    Rohini Garments was established as a proprietorship concern in 1990, and in 1994, Rohini Mills was established as a partnership firm. Subsequently, both the firms were merged to

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    S T Cottex Pvt Ltd

    S.T. Cottex Exports Pvt Ltd is based out of Ludhiana, Punjab. The company is mainly engaged in manufacturing of yarns (Cotton Yarn ? combed, TFO (Two for One), compact & Slub,