The Hank Yarn Obligation Scheme (HYO) was introduced during 1963 directing the mills to pack 50 per cent of domestic weaving yarn delivery in hank form.
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Yarn Expo Spring 2019 opens tomorrow, inviting 468 exhibitors from 12 countries and regions, including new exhibitors from Egypt and France, to capture the potential of the yarn and fibre market in China and abroad.
P Nataraj, Chairman, the Southern India Mills’ Association (SIMA) has thanked the Chief Minister and Minister for Handlooms & Textiles, OS Manian and also welcomed the various benefits announced in the policy.
In the post-GST implementation period, the exports of garment and made-ups have been struggling due to inadequate export benefits and tariff barriers in the global market.
Textile producer Pallavaa Group plans to invest Rs 500 crore in the next five years to expand capacity and enter into textile processing.
Filatex India, a provider of speciality polyester, nylon, and polypropylene mono filament yarns, has always been at the forefront in providing sustainable measures.
Vardhman Textiles displayed innovative and sustainable fabrics for spring-summer 2020 at the third edition of biannual textile trade show ‘Textrum’.