Indian economy suffers a loss of around Rs.375,000 crore annually due to corrosion
CHENNAI: Indian economy suffers a loss of around Rs.375,000 crore annually due to corrosion, an official said.
The three day CORCON 2015 -- a conference on corrosion -- will engage on the technologies and measures to mitigate the loss, said a top official of the organising committee.
"Around Rs.375,000 crore loss is suffered by the country due to corrosion. The three day conference that starts here on Thursday will deliberate on the recent advances in corrosion control and how it is tackled by various industries like chemicals, refinaries, marine, power, fertiliser, oil and others," U Kamachi Mudali, chairman, CORCON 2015 told IANS here on Wednesday.