Chennai, Nov 18 (IANS): Indian economy suffers a loss of around Rs.375,000 crore annually due to corrosion, an official said.

The three day CORCON 2015 -- a conference on corrosion -- will engage on the technologies and measures to mitigate the loss, said a top official of the organising committee.

"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, refinaries, marine, power, fertiliser, oil and others," U Kamachi Mudali, chairman, CORCON 2015 told IANS here on Wednesday.

The conference is organised by the US based NACE International and its Indian chapter NACE International Gateway India Section.

Mudali who is an associate director at Indira Gandhi Centre for Atomic Research (IGCAR) said around 750 persons have registered for the conference including from countries like the USA, Germany, France, Japan, Italy and others.

A total of 60 stalls will showcase the anti-corrosion products and technologies in the conference exhibition, he said.

According to Mudali, around 190 research papers will be presented in 30 technical sessions during the three day conference.

He said union minister for chemicals and fertilisers Ananth Kumar will be chief guest for the award presentation while V. K. Saraswat, member of NITI Aayog will be the chief guest for the inaugural session.