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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    Filatex India Ltd

    Filatex India Limited (FIL) set up its first manufacturing facility in January, 1994 in Noida (U.P) to manufacture 500 TPA Specialty Polyester, Nylon, Nylon 6, Nylon-66, PBT, Po

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    Ganga Spintex Ltd

    Ganga Spintex Ltd incorporated in May 2010 by family members as promoters, Mr. Amar Nath,Mr. Anil Kumar and Mr. Parminder Kumar with its official address located at mansa,Punjab

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    GHCL Ltd

    Incorporated in 1983, GHCL is a leading player in the domestic soda ash industry. Over the years, the company has also diversified into manufacturing of yarns and home textiles.

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    Gini Silk Mills Ltd

    Gini Silk mills, since 30 years, have expertise in 100% cotton, polyester cotton, polyester viscose, 100% polyester shirting & suiting fabrics. Gini uses the most versatile and

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    Ginni Global Ltd

    Ginni Global Ltd is an integrated textile company engaged in production of cotton yarn, woven fabric and denim fabric. The company started its operations in Neemrana in 1996.

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    Gloster Ltd

    Gloster Limited (Formerly Gloster Jute Mills Ltd.) is a Public Company having its registered office at 21 Strand Road Kolkata 700 001 incorporated on 18th February 1992.It is a

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    Gnanambikai Mills Ltd

    Gnanambikai Mills commenced its operations in 1935 and is involved in cotton yarn manufacturing. All the processes are carried out at the company?s plant located at Coimbatore,