Baleshwar Synthetics Textiles is planning to set up cotton yarn unit in Amravati Industrial Estate in Amaravati district of Maharashtra. The cotton yarn unit will have a capaci
India government has decided not to impose anti-dumping duty on polyester staple fibre imports to India. The Directorate General of Anti-dumping and Allied Duties (DGAD), under the commerce ministry, Government of India, is not warranted on imports of polyester staple fibre (PSF) from China, Indonesia, Malaysia and Thailand. The period of investigation (POI) was 18 months from April 1, 2015 to September 30, 2016.
Non-dyed PSF ranging from 0.6 to 6 Deniers are predominantly used to spin yarn of 100% PSF or in blends with natural, artificial and/or synthetic staple fibres for manufacture of textiles, sewing thread, other industrial textiles, nonwoven applications, etc.
Though the import of product under consideration (PUC) has increased during POI as compared to base year, however, the quan
Union Textile ministry is likely to join hands with the state government of Uttar Pradesh to set up yarn depot to sell subsidized yarn in the state. The state has garnered over Rs. 7000 crore proposals in the investors meet as industrialist are planning to revive the textile sector. The industry had faced problems due to rise in trade union troubles. Now, there are concerted efforts to reopen several closed knitting units in the state
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.