Addressing the Corcon 2014, a conference for corrosion engineering and science, in Mumbai, Kumar said the government as well as the industry should change the mindset and move with enthusiasm to adopt corrosion control and management technique, without considering it as a repair and maintenance issue.
According to a recent report of the World Corrosion Organization, the annual corrosion cost is approximately $ 2.5 trillion or 3-4% of the global GDP. In India alone, the loss on account of corrosion is estimated at around $ 67 billion (over Rs 4 lakh crore). Ananth Kumar said, in the fertiliser industry too, corrosion is a major concern due to corrosive nature of raw materials. He said controlling corrosion requires significant expenditure, but it is more rewarding in the long run in terms of increased plant safety, better performance and enhanced asset life.
Ananth Kumar said, “Prime Minister has laid great emphasis on ‘Make In India’ with zero defect and zero effect on environment. In this regard, corrosion management will facilitate the manufacturing sector to enhance its competitive edge in the global market. Corrosion control should become an integral part of ‘good manufacturing practice’.”
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