Investments in corrosion-resistant materials crucial for infra projects: Abhyuday Jindal

PTI NEW delhi

Investments in corrosion-resistant metals is crucial for sustainability of infrastructure projects in India, Jindal Stainless MD Abhyuday Jindal said on Friday and stated that it causes economic losses of nearly 4 per cent of GDP annually.

The industrialist made the remarks at 'Viksit Bharat: India@2047 through Prism of Steel Sector' session organised by industry body Indian Chamber of Commerce (ICC) in the national capital.

Corrosion poses a significant threat to sustainability leading to structural degradation, higher maintenance costs, and shorter material lifespan. It causes global economic losses of nearly 4 per cent of GDP annually, equivalent to erasing an economy the size of Germany, Jindal said addressing the gathering .

"With a 7,500 km coastline in India, investing in corrosion-resistant metal is crucial to ensuring long-term sustainability, reducing economic losses, and safeguarding public infrastructure," he said. In India, corrosion's impact is significant, similar to the government's approximately Rs 12 lakh crore infrastructure budget, Jindal said.

Usage of stainless steel can play a crucial role to tackle these issues due to its corrosion resistance properties with low lifecycle cost, he said. He also requested the government for a dedicated National Stainless Steel Policy as it has separate concerns with respect to the steel industry.