India’s Department of Chemicals and Petrochemicals Announces New Data Collection Initiative Through ChemIndia Webportal
India’s Department of Chemicals and Petrochemicals, under the Ministry of Chemicals and Fertilizers, has officially launched a major data collection initiative for the chemicals and petrochemicals industry. This initiative, announced in the Gazette of India on 19 February 2024, aims to use the ChemIndia Webportal to collect detailed statistics on a variety of metrics including production, capacity, exports, imports, and sales figures.
Creating a Robust Database for Sectoral Analysis
The move is part of a broader effort to create a robust, authentic database for the sector, facilitating comprehensive analysis and real-time data compilation from registered entities. This data will play a key role in the monthly and annual compilation of the Index of Industrial Production (IIP), contributing to the broader economic analysis conducted by the National Statistical Office.
Leadership and Compliance
Shri Ganga Kumar, Deputy Director General of the Statistics and Monitoring Division, has been appointed as the Statistics Officer in charge of this project. He will oversee the collection, verification, and analysis of the industry data and ensure compliance with the Collection of Statistics Act, 2008, and its rules.
This initiative aims not only to improve policy formulation and industry monitoring but also to support a transparent and data-driven approach to sectoral development. By requiring submissions on both a monthly and annual basis, the Ministry is positioning itself to gain a deeper understanding of sector dynamics, ultimately facilitating informed decision-making at both government and industry levels.
Key Points of the Initiative:
– Mandatory Data Submission: All registered chemical and petrochemical industries are required to submit comprehensive data through the ChemIndia Webportal (https://chemindia.chemicals.gov.in/).
– Comprehensive Data Collection: The initiative covers production, installed capacity, exports, imports, sales, and other relevant data.
– Monthly and Annual Reports: Data will be collected on a monthly and annual basis to support the compilation of the Index of Industrial Production and the annual publication “Chemical and Petrochemical Statistics at a Glance”.
– Enhanced Policy and Industry Monitoring: The data will help policy makers and researchers to design policies that promote best practices and optimal industrial development.
This data collection policy is a significant step towards leveraging technology for sectoral development and ensuring that the Ministry of Chemicals and Fertilizers remains at the forefront of informed policy-making and industry support.
The complete text of the notification can be accessed here.
We acknowledge that the above information has been compiled from The Indian Ministry of Chemicals and Fertilizers.
