Indian economy suffers a loss of around Rs. 375,000 crore annually due to corrosion

“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, refineries, marine, power, fertilizer, oil and others,” U Kamachi Mudali, Chairman, CORCON 2015.
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Publication Date: 18 November 2015

Our Viewpoint:

As far as Industries concerns, CORRSION is culprit. It’s CANCER once it’s occurred it is difficult to stop. One can minimizes or slow down the rate of corrosion by corrective action.

In Industries, corrosion failure is phenomena because of lack of awareness of preventive and corrective actions. The reasons of failures start with faulty selection of metallurgy of system to poor monitoring of treatment program.

Scientific approaches to identify reason of failures are neglected by industries. Replacement of failed system or pipeline is not solution. Once failures observed latest technique to identify type of corrosion and possible root causes of failure must be implemented.

Generally not every, but majorly owners of utilities (Managers, Engineers, and operators) simply change the vendor of treatment suppliers without bothering to know true reason of corrosion failure. To meet production demand pressure engineers are keener to manage immediate machines availability in spite of conduct failure analysis of system.

Author: Zakir Atashbajiwala

Vice President - Technical-Marketing

2 thoughts on “Indian economy suffers a loss of around Rs. 375,000 crore annually due to corrosion”

  1. Greetings! Very helpful advice in this particular article!
    It is the little changes that will make the largest changes.
    Thanks for sharing!

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