Visakhapatnam - Economy

The highlight of the Visakhapatnam - Economy is its flourishing industrial sector. Once a traditional fishing town, Vizag has turned into one of the most important industrial hubs of southern India. However, the industrial growth of Visakhapatnam has not been able to deter the traditional fishing community of the city. It still carry on with their age old profession and have been able to turn Vizag into one of the main fishing centers of the country.

The presence of the international port in Vizag has increased the importance of the city. Several industrial giants have set up plants and factories in the city to utilize the logistical advantage of the Vizag Port. Some of the industries in Vizag are:
  • Hindustan Shipyard Limited
  • Bharat Heavy Plate and Vessels Limited
  • Coramandel Fertilizers Limited
  • Rashtriya Ispat Nigam Limited
  • Visakhapatnam Export
  • Hindustan Petroleum Corporation Limited

Another significant factor that has contributed to the economic development of the city is the presence of a well educated English speaking population. Armed with top standard schools and colleges, the city is one of the prime educational centers of the state of Andhra Pradesh. The BPO sector has not overlooked this fact and companies like HSBC, Satyam, Wipro along with numerous other big and small BPO firms have opened offices in the city.

The sprawling Economic Zone within the city is the home to offices and factories of industrial powerhouses like HPCL, Birla, Reliance etc. The real estate majors and banks have contributed to the economic development of Vizag.

Last Updated on: 7/05/2013



Which state is the largest producer of uranium in India? The state of Andhra Pradesh is the largest producer of uranium in India. Tummalapalle village located in the Kadapa district of Andhra Pradesh is considered as one of… Read More...
Which Indian state produces the maximum wind power? The production of power from wind energy has considerably increased in the recent years. Very recently in June this year, India became the fourth largest country with 34.293 gigawatt of… Read More...
Which Indian state is the largest producer of diamonds? Madhya Pradesh is the only state with a diamond mine in the country as well as in Asia. During the year 2017-18, Madhya Pradesh has produced 28,424 carats of diamonds (up to December… Read More...

EU GDPR Update:
MapsofIndia has updated its Terms and Privacy Policy to give Users more transparency into the data this Website collects, how it is processed and the controls Users have on their personal data. Users are requested to review the revised Privacy Policy before using the website services, as any further use of the website will be considered as User's consent to MapsofIndia Privacy Policy and Terms.
We follow for border and boundary demarcations