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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    Cheslind Textiles Ltd

    Incorporated in 1989, Cheslind Textiles Limited (CTL) is engaged in manufacturing of cotton yarn with a present capacity of 64,656 spindles. During 2007, the company was acquire

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    Chiranjilal Rayons Pvt Ltd

    Chiranjilal Rayons Pvt Ltd was registered on 1994. The company is engaged in manufacturing of Twisted and double viscose/ Polyester Filament Embroidery yarns & Jari yarns. The c

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    CMC Textiles Pvt Ltd

    CMC Textiles Pvt Ltd was incorporated in Oct. 2002, promoted by Mr. Ajeet Yadav, Mr. Pawan Yadav and Mr. Dhirendra Yadav. The company is engaged in manufacturing of polyester te

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    Damodar Threads Ltd

    Damodar Threads Ltd was incorporated on 1987 as a private ltd. company to manufacture synthetic blended yarns. The company was converted into public limited company on 20th Marc

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    Deepak Spinners Ltd

    Deepak Spinners has started it's manufacturing activities in 1986 with a installed capacity of 14,000 Ring Spinning Spindles and Dye House Equipped with the latest machines, a s

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    Dhanlaxmi Fabrics Ltd

    Dhanlaxmi Fabrics Ltd started in the year 1975 has weaving and processing base of over 130000 Sq. Ft. It has a Fabric and Yarn Processing Unit in Dombivili and a weaving unit at