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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    Sri Bhagirath Textiles Ltd

    Sri Bhagirath Textiles Ltd was incorporated on June 1997. It was originally incorporated as Bhagirath Textiles Industries Ltd. The company is a closely held family owned compa

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    Sri Gomathy Mills Pvt Ltd

    Established in 1956 as a partnership firm and incorporated in 2000 as a private limited company, Sri Gomathy Mills Private Limited is engaged in spinning of cotton yarn in singl

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    Sri Jayajothi Co Ltd

    Incorporated in 1981, Sri Jayajothi & Co. Limited is engaged in the business of spinning 100% cotton, blended and synthetic fibres in the range of 3s to 120s. The company has th

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    Sri Karunambikai Mills Pvt Ltd

    Sri Karunambikai Mills Pvt Ltd was incorporated in 1956, started by Mr. Chennamalai Gounder for the purpose of manufacturing, premium quality 100% cotton, combed, carded hosiery

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    Sri Krishna Spinning Weaving Mills Pvt Ltd

    Sri Krishna Spinning and Weaving Mills Pvt Ltd (SKSWMPL) was incorporated in 1950 at Bangalore. It is the flagship company of the Bangalore based Yadalam group (established in 1

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    Sri Ramalinga Mills Ltd

    Aruppukottai Shri Ramalinga Spinners Pvt Ltd was incorporated as a private limited company in June 1999 with an object of establishing spinning and textile mills. RSPL is a w