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Textile sector hails continuation of taxes, levies rebate scheme

Textile sector hails continuation of taxes, levies rebate scheme
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Tiruppur , Tamil-nadu , India , Prabhu-dhamodharan , Manoj-patodia , Tiruppur-exporter-association , Southern-india-mill-association-ashwin-chandran , Confederation-of-indian-textile-industry , Apparel-export-promotion-council , Cotton-textiles-export-promotion-council , Indian-texprener-federation , Textiles-export-promotion-council

Yarn price expected to stabilise

Yarn price expected to stabilise
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Textile mill associations have urged members to keep the prices stable this month.

Prices of cotton yarn, which were on an upward trend since December, are expected to remain stable in the coming weeks.
Chairman of Southern India Mills’ Association Ashwin Chandran told The Hindu on Thursday that following a recent virtual meeting of the textile mill associations from across the country, the associations have urged their members to keep the prices stable this month due to concerns among industries in the value addition segment.
Prices of cotton was about ₹ 34,500 a candy in August last year and ₹46,000 now. Prices of hosiery yarn was ₹215 a kg in August last year and ₹291 now. The hosiery yarn requirement of Tiruppur garment units are mostly (75 % to 80 %) met by the textile mills in Tamil Nadu. The mills are operating at 85 % to 90 % capacity as against the normal of 9 ....

Tiruppur , Tamil-nadu , India , Ashwin-chandran , Southern-india-mill-association-ashwin-chandran , திருப்பூர் , தமிழ்-நாடு , இந்தியா , அஷ்வின்-சந்திரன் , தெற்கு-இந்தியா-ஆலை-சங்கம்-அஷ்வின்-சந்திரன் ,