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Tag: South India Spinners Association

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Reduction of VAT on Cotton Urged at TN

South India Spinners Association (SISPA) has asked the Tamil Nadu government to reduce Value Added Tax (VAT) on cotton, cotton yarn and synthetic yarn from five per cent to two per cent to make the state’s spinning industry viable and enhance competitiveness of the smaller spinning units in the state. In a resolution adopted at […]

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September 8, 2015
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Textile Mills To Stop Sales For A Week

About 500 mills affiliated to South India Spinners Association (SISPA) have decided not to sell or deliver yarns for one week from third week of this month to avoid the traders from creating a situation to source yarn at lower prices. SISPA president, C Varatharajan told newsmen in Combatore that the decision which is applicable […]