DPIIT Consults with Indian Cement Industry for Collection of Cement Production Data
The Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry held a consultation with representatives of Indian cement industry on the mechanism to collect cement production data ensuring 100 per cent coverage of the industry.
The Indian Department for Promotion of Industry and Internal Trade (DPIIT) recently held a consultation with representatives of the Indian cement industry to discuss the mechanism for collecting cement production data, ensuring 100% coverage of the industry.
The cement production data is used by the Office of Economic Advisor, DPIIT, to calculate the Index of Eight Core Industries, which is a crucial metric for economic analysis and policy decisions.
Cement is one of the eight core industries in India, comprising 40.27% of the weight of items included in the Index of Industrial Production (IIP), with a weightage of 5.37% for cement production.
The Indian cement industry is the second-largest in the world, with an installed cement capacity of 600 million tonnes and production of 391 million tonnes of cement in 2022-23. Presently, the cement production data is collected by DPIIT through the Cement Information System (CIS) portal. However, some plants are not providing data regularly.
Robust and accurate data will benefit everyone, including the cement industry, in making informed decisions. Joint Secretary, DPIIT Sanjiv informed that DPIIT is giving Ad-hoc permissions to cement plants as part of Ease of Doing Business, for the manufacture and sale of cement without ISI mark for a period up to 150 days or till the plant gets BIS certification, whichever is earlier. In the future, registration in the CIS portal will be a prerequisite for considering the proposal for the grant of permissions.
Source: ET Infra