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

India's textile sector is the 2nd largest exporter of Textile in global market, with target to reach value of $300 billion by 2030. Potential Hindrances: - Technical Textiles - Cheap goods of high quality - High young population, thus cheap labour Challenges hindering: (1) Rise of competitors (e.g.) from Bangladesh and Vietnam (2) Strict licensing norms—requiring multiple approvals, hampering ease of doing business (3) Lack of labour protection—due to delay in implementation of labour codes, 2020 (4) Strict environmental Assessment—with high awareness among masses (5) Deff land acquisition process—requiring large land for economies of scale (6) Diversion to alternatives (e.g.) higher skilled jobs are due to better education - Ease of doing business—by single portal of approvals - Labour codes and protection - Workers safety and minimum wages - Rehabilitation of displaced - Shift to renewable energy—for electricity - Portal sector involvement (e.g.) CTIP Way by government schemes such as GREAT—innovation can prompt technical textiles as per growing dynamics of need