Stainless Steel industry calls for National Policy and Anti-Corrosion Mission to curb corrosion, imports
India's stainless steel industry is advocating for a National Stainless Steel Policy and a National Anti-Corrosion Policy to bolster domestic manufacturing, secure raw materials, and increase the adoption of corrosion-resistant materials. This push comes amid annual economic losses of ₹12 lakh crore due to corrosion, underutilized domestic capacity, and rising imports, primarily from China.
Why it matters
The proposed policies could significantly impact India's industrial growth, reduce economic waste, and enhance its self-reliance in a critical manufacturing sector. It highlights the challenges faced by domestic industries in competing with imports and the need for strategic government support.
India’s stainless steel industry has urged the Centre to introduce a National Stainless Steel Policy and a National Anti-Corrosion Policy to strengthen domestic manufacturing, secure critical raw materials and accelerate the adoption of corrosion-resistant materials in infrastructure.
The article reports on the demands and concerns of an industry association, presenting their arguments and rationale without endorsing or refuting them, maintaining a neutral stance.
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