Greater Noida(Business Desk):Jindal Stainless Limited (JSL), India’s largest stainless steel manufacturer, played a key role in the success of the second edition of the International Summit on Corrosion Technology & Management (CORTEM) 2025. CORTEM, an event organised by the Confederation of Indian Industry (CII), brought together industry experts, thought leaders, and policymakers to address the pressing challenge of corrosion across sectors critical to India’s infrastructure and industrial development.
As a co-chair of CII’s Corrosion Management Division (CMD), Managing Director, Jindal Stainless, Mr Abhyuday Jindal, said: “Corrosion remains a significant challenge to India’s industrial growth, resulting in considerable economic losses and undermining public safety. Studies estimate that corrosion costs the economy nearly 4% of its GDP annually; for India, this translates to a loss of INR 13.2 lakh crore every year. At Jindal Stainless, we remain committed to driving innovation, raising awareness, and promoting sustainable corrosion management practices to help build a corrosion-free nation. Our focus lies in delivering corrosion-resistant stainless steel solutions across diverse applications while working collaboratively with industry leaders, academia and policymakers to develop long-term strategies for corrosion control and infrastructure resilience.”
CORTEM is part of CII’s National Mission on War against Corrosion launched in 2023. The summit featured a distinguished lineup of speakers including Dr U Kamachi Mudali, Chairman, CII, Corrosion Management Division, and Vice Chancellor, Homi Bhabha National Institute; Dr Amir Eliezer, Former Chair, AMPP, USA; Rear Admiral G K Harish, AVSM VSM (Retired), Head – Ship Building Business, Larsen & Toubro; Mr Vijay Sharma, Director, Jindal Stainless; Mr Amish B Jani, Vice President, Reliance Industries Ltd among others. The event covered a wide array of topics, including recent advancements in national and international regulations and policy frameworks for corrosion control; the critical role of corrosion management in renewable energy and hydrogen sectors; the impact of emerging technologies such as IoT, AI, and predictive analytics in revolutionizing corrosion monitoring and management among others.
As per studies, corrosion erodes about 4% of economy every year, translating to over USD 4 trillion globally. In India, the economic impact of corrosion is equally alarming, with annual losses estimated at INR 13.2 lakh crore. These losses primarily arise from corrosion-related damage to infrastructure, increased maintenance costs, and risks to public safety, affecting sectors such as transportation, utilities, and manufacturing.
Jindal Stainless has been proactive in addressing the challenge of corrosion, whether in infrastructure or other economic sectors. The company reaffirmed its commitment to combat corrosion by entering into a memorandum of understanding (MoU) with the CII in 2023. Through sustained efforts, the company is at the forefront of driving positive change in corrosion management, leveraging its expertise in stainless steel to offer solutions that not only enhance infrastructure resilience but also contribute to a more sustainable future.
