Economy Of Visakhapatnam
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Economy Of Visakhapatnam
Visakhapatnam is the largest city of Andhra Pradesh. Visakhapatnam has a GDP of $43.5 billion. It is the 9th richest city in India. Fishing industry, road–rail connectivity, many heavy industries like Hindustan Petroleum, Visakhapatnam Steel Plant, Hindustan Shipyard, Visakhapatnam Port Trust, National Thermal Power, Bharat Heavy Electricals, BARC, Naval Science and Technological Laboratory, Naval Dockyard, Dredging Corporation of India, Strategic Petroleum Reserve, NMDC, CONCOR, Andhra Pradesh Medtech Zone etc.. Private sector like Coromandel International, Ferro Alloys Corporation, Gangavaram Port, etc., are the factors that made the city into an industrial hub, from a small hamlet. Tourism also plays an important role in generating revenue, with numerous tourist destinations in and around the city. Blessed with a natural harbour and one of the largest ports of India, sea trade was made possible with other countries which also boosts the economy. The service se ...
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Vizag Aerial View
Visakhapatnam (; List of renamed places in India, formerly known as Vizagapatam, and also referred to as Vizag, Visakha, and Waltair) is the largest and most populous metropolitan city in the States and union territories of India, Indian state of Andhra Pradesh. It is between the Eastern Ghats and the coast of the Bay of Bengal. It is the second largest city on the Coastal India, east coast of India after Chennai, and the fourth largest in South India. It is one of the four Smart city, smart cities of Andhra Pradesh selected under the Smart Cities Mission and is the headquarters of Visakhapatnam district. Vizag is popularly known as ''shipbuilding capital of India'' due to presence of multiple shipyards such as Hindustan Shipyard, Naval Dockyard (Visakhapatnam), Naval Dockyard and being the central naval command of the east coast. Visakhapatnam's history dates back to the 6th century BCE. The city was ruled by the Satavahana dynasty, Andhra Satavahanas, Vengi, the Pallava dyna ...
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