Question 4GS3GS3
Examine the major challenges hindering the Indian textile industry from achieving its full potential in the global value chain.
Main Body
Indian Textile Industry famous since ancient time; yet faces challenges in utilizing full potential. Indian Textile Industry structure: - Technical Textiles - Garment Industry - Cotton - Silk - Clothing # Major Challenges: 1) Infrastructure deficit - lack of advanced industrial arena 2) Lack of Credit - [text continues to next page] tag MSMEs face challenges in MUDRA financing 3) Lack of Technology Integration - tag India doesn't have advanced machines for wearing and spinning as in Vietnam
4Competition - from cheap products tag Bangladesh, China, Vietnam 5) Lack of Innovation - in textile products like jeanste # Way Ahead: 1) Policy Support - tag National Technical Textile Mission 2) Infrastructural support - tag Textile Parks — MITRA Parks 3) PLI Scheme 4) Vocal for local 5) "Make in India, Make for World" Hence, Being a labour intensive industry, Textile Sector can provide twin benefits — of economic growth and employment generation
— Rasneet Kaur · AIR 51
153 words1 paragraphs
Conclusion
Being a labour intensive industry, Textile Sector can provide twin benefits — of economic growth and employment generation
18 words
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Topper
Rasneet Kaur
AIR 51
Subject & Paper
GS3GS3
Topic
Land Reforms, Liberalization, Infrastructure & Investment
Manufacturing and Industrial Sector
Textile Industry Development
Writing Stats
171
Total words
1
Paragraphs
analytical
Tone