MSME Ministry may develop separate IIP data

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Saurabh Gupta | 11 Jun, 2011
Ministry of Micro, Small & Medium Enterprises (MSME) may develop the separate Index of Industrial Production (IIP) for the MSME sector, said Ministry of Statistics & Programme Implementation in a release on Friday.

According to release, the DC (MSME) may develop the index for the MSME sector separately, for which the Committee of Secretaries (COS) would provide necessary technical guidance.

COS in its meeting held on 10th May approved the release of the new series of IIP with 2004-05 as its base and directed that the new series of IIP may be released for the month of April, 2011onwards.

The monthly production data for the compilation of new series of IIP are being made available to the CSO by sixteen (16) source agencies. 14 out of 15 source agencies are retained in new series. Department of Chemicals & Petrochemicals and Department of Fertilizers are included in the new series as independent source agencies because of growing importance of their respective industries. The existing IIP data covers only big industrial segments.

Ministry of MSME is presently excluded as a source agency for new series of IIP, though bigger units of MSME sector, which are part of the coverage of Annual Survey of Industries (ASI) are already included in the item basket.

CSO held dialogues with the representatives from O/o the Development Commissioner (MSME) for identifying products and units from the recently completed 4th all India Census cum Survey of MSME sector and accordingly putting in place a new system of regular monthly collection of data.

After the system of data collection is in place, DC (MSME) may develop the index for the MSME sector separately, the release said.

Once DC (MSME) is ready with the index, this monthly index for the MSME sector can be dovetailed with the General Index of All-India IIP by assigning a proper weight through suitable methodological framework. This view was also endorsed by the COS, it added.