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India Launches its Chemical Inventory Platform

ChemIndia will further improve the efficiency of data collection, compilation and analysis in the chemicals and petro-chemicals industry.

The Department of Chemicals and Petrochemicals (DCPC), Govt. of India, made an announcement on its website on October 10, 2023, regarding the launch of a significant and ambitious project called ChemIndia.

The project aims to create a comprehensive chemical inventory of India pertaining to various aspects of the chemical sector such as production, installed capacity, exports, imports, purchases, sales and various chemical properties. It aims to collect, compile and analysis of real-time data received from the Chemicals and Petro-chemicals Industry. The requisite data shall be available on monthly/annual basis.

As one of the highlight features of this platform, a GIS dashboard will deliver location-based insights using simple, interactive data visualisations on a single screen. It will make real-time data collection easier, ensuring quick information availability for analysis. 

In addition, the platform serves as an information hub to share and re-use research material and data for the industrial policy building. By incorporating contemporary tools including Artificial Intelligence, Machine Learning, and Big Data Analytics, the platform will promote data processing capabilities to assist in quick business decision.

Benefits of ChemIndia

ChemIndia strengthens cooperation and partnership within the chemical industries ecosystem and promotes sustainable data management for the development of equitable policies. The major benefits are summarized below: 

  • Assures a complete understanding of the performance and trends of the sector.

  • Availability of information on geographical base.

  • Encourages quick decisions and quick responses based on current market insights.

  • To increase accuracy and efficiency in managing and interpreting data.

  • To encourage knowledge generation and innovation in the Chemicals and Petro-chemicals Industry.

  • To facilitate informed decision-making at the national and regional levels by offering useful data insights to policymakers in the chemical industry.

  • To promote collaboration and partnerships throughout the ecosystem of the chemical sector.

  • Moving away from a simple web-based window application to cutting-edge technologies for data accumulation, analysis and storage.

  • To allow remote data entry, monitoring and analysis.

  • To support researcher and various stakeholders to conduct research and analysis.

The ChemIndia Portal can be found here. 

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