Examine the major challenges hindering the Indian textile industry from achieving its full potential in the global value chain.

Full potential of textile industry: 1) High availability of raw material, water, 2nd in cotton production 2) Low labour cost 3) Presence of mega textile hub e.g. Coimbatore 4) Well-developed technological infrastructure textile Challenge in achieving full potential in gvoc: 1) Competition from Bangladesh which has lower labour cost 2) Lack of economies of scale: lead to high textile cost 3) High capital requirements, making it textile less competitive wrt ASEAN, ACCP 4) Less technology advanced focus on specialized fibre e.g. running fibre Nike 5) Structural issue: labour reform delay, land delay, capital cost 6) Lack of FDI: make it textile less competitive wrt ASEAN, ACCP 7) Dwarfs meme vs MNC gigant 8) Lack of skilled labor: Way-Ahead