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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    Shiva Texyarn Ltd

    Incorporated in 1980 as Annamalai Finance Private Ltd, Shiva Texyarn Limited (STL) was converted into a public limited company in 1985 and later renamed as STL. At present, STL

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    Shivam Syncotex Pvt Ltd

    Shivam Syncotex Pvt. Ltd was established to manufacture spun and sewing thread yarn to sell in domestic as well as in foreign markets. The company commenced its operations in 20

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    Shree Ram Twistex Pvt Ltd

    Shree Ram Twistex Pvt Ltd was incorporated in the year 2013 by Mr. Bhaveshbhai Bhikubhai Ramani, Mr.Rameshchandra Mohanlal Hirani, Mr. Bhaveshbhai Sajivbhai Kothari and others.

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    Shreebhav Polyknits Pvt Ltd

    Shreebhav Polyknits Pvt Ltd was incorporated in 2003 to manufacture Twisted Yarn and Knitted Fabrics. The company has grown since then and now also manufactures Texturized yarn

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    Shri Govindaraja Textiles Ltd

    Shri Govindaraja Textiles Private Limited (SGTPL) was incorporated in the year 1999 as a part of Shri Govindaraja group, which is a part of the larger Sri Jayavilas group. The c

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    Shri T P Textiles Pvt Ltd

    Shri T P Textiles Pvt Ltd, formed by amalgamating two partnership firms Viz. T.P. Cotton Textiles and Shri Tee Pee Spinners in May?1996. The above two firms were earlier running

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    Skywin Spinning Pvt Ltd

    Skywin Spinning Pvt Ltd was incorporated in November 2013. The company had set up a manufacturing unit in Rajkot; the project was commenced in January 2014 and was completed in