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 Sai Balaji Spintex Pvt Ltd

    Sri Sai Balaji Spintex (India) Private Limited (SSBSPL) was incorporated in 2010 at Guntur, Andhra Pradesh. The Company manufactures yarn from the cotton fibres and it has a spi

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    Sri Salasar Balaji Agro Tech Pvt Ltd

    Salasar Balaji Group is a well known cotton supplier since last 3 decades with transactions of more than thousand cotton bales in a year. The group is one of the leading exporte

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    Sri Selvakumar Mills Pvt Ltd

    Sri Selvakumar Mills established in the year 1985 as a proprietorship and then reconstituted into Sri Selvakumar Mills Pvt Ltd in April 2004. Mr. Kumarsen is the Managing Direct

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    Sri Srinivasa Spin Tex Pvt Ltd

    Sri Srinivasa Spin Tex (India) Ltd was incorporated in the year 2006 and located at Pedatadaepalli Village, Andhra Pradesh. The Company is primarily engaged in producing cotton

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    Sri Venkata Umashankar Spintex Pvt Ltd

    Sri Venkata Umashankar Spintex Private Limited, incorporated on 2010 is under process to establish a Cotton Spinning unit with 20160 spindles. The mill will be manufacturing cot

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    Sri Venkatram Spinners Pvt Ltd

    Sri Venkatram Spinners Pvt.Ltd. was incorporated in the year 1992 which was engaged in the business of manufacturing and sale of cotton yarn. The registered office is located at

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    Sri Vishnu Shankar Mills Ltd

    SVSML was incorporated in the year 1981 and started its commercial production in the year 1983 with about 7000 spindles of second hand machines. Now it is the most modern plant

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    Sudiva Spinners Pvt Ltd

    Sudiva Spinners Pvt Ltd was incorporated in 2007, is a Bhilwara (Rajasthan) based manufacturer of cotton yarn and polyester cotton (PC) yarn. The manufacturing unit of the compa