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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    Gopalakrishna Textile Mills Pvt Ltd

    Gopalakrishna Textile Mills Pvt Ltd was incorporated in 1975 at Bengaluru. GTMPL is a cotton textile spinning unit having 17,664 spindles which manufactures carded and combed y

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    Grospinz Fabz Ltd

    Grospin Fabz has a textile spindle unit in Jalalabad in Punjab. The company is in the business of cotton ginning

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    Gujarat Filaments Ltd

    Gujarat Filaments (GUJFILA) has been engaged in the manufacture of polypropylene multi-filament yarn and cement. It was incorporated as a private limited company Mar. 03, 1981 a

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    Gujarat Polyfilms Ltd

    Gujarat Polyfims Ltd was incorporated during July 2014 as Gujarat Polyfilms Pvt Ltd It was promoted by Pratibha group based in Surat. GPPL has converted into GPL on 26th Septemb

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    Gupta Synthetics Ltd

    Gupta Synthetics Ltd was incorporated in 1974 manufactures Nylon & Polyester POY, FDY, Draw Texturising, Drawn Twisting yarn, Draw Winding Dope Dyed Yarn, all under one roof. It