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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    Alkas Spinning Mills Pvt Ltd

    Alkas Spinning Mills Pvt Ltd, a company promoted by family members of Mr. Anand in 2011. The company is engaged in manufacturing of cotton yarn and is based out of Karur in Tam

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    Amarjothi Spinning Mills Ltd

    Amarjothi Spinning Mills were started in 1987 and listed as public limited company in 1992. They are the largest manufacturer, to be equipped with 45,000 spindles exclusively fo

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    Ambica Cotseeds Ltd

    Mehsana based Ambica Cotseeds Ltd. is a closely held public limited company. ACL was incorporated in 2011, and promoted by Mr. Bharatbhai Patel &Mr.Vishnubhai Patel. The company

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    Amitech Textiles Ltd

    Amitech Industries Ltd ( ATL) (formerly known as Amitech Industries Ltd ) is primarily engaged in the manufacturing of polyester filament yarns from Partially Oriented Yarn (PO

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    Ammanarul Spinners Pvt Ltd

    Ammanarul Spinners Pvt Ltd (ASPL) was formed as a result of takeover of ?Thamapati Textiles Pvt Ltd in 1995, with the company starting its operations in 2002. ASPL is engaged in

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    Annamalaiar Mills Pvt Ltd

    Annamalaiar Mills Pvt Ltd (AMPL), based in Dindigul (Tamil Nadu), was incorporated in 1955 by Mr.Saketh Ramasamy Naidu. The company is engaged in manufacturing of cotton yarn. I

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    Annur Sri Sivasakthi Cotton Mills Pvt Ltd

    Annur Sri Sivasakthi Cotton Mills Pvt Ltd was established in the year 2004, in the city of Coimbatore, Tamil Nadu. Mr.C. Ramasamy is the Managing Director of the company, and Mr