Fast Growing & Thriving Cities

Visakhapatnam, [Andhra Pradesh]

• A key port city and IT hub, with major industries and tourism potential.

Visakhapatnam: The Emerging Port City, IT Hub, and Tourism Destination of India

Visakhapatnam, also known as Vizag, is Andhra Pradesh’s largest city and a key economic hub. Strategically located along the Bay of Bengal, it serves as a major port city, an emerging IT hub, and a center for industrial growth. With a thriving shipping industry, modern infrastructure, and growing tourism potential, Visakhapatnam is transforming into one of India’s fastest-developing metropolitan cities.

Visakhapatnam: A Leading Port and Trade Hub

Visakhapatnam is home to one of India’s largest and busiest ports, making it a key center for international trade, exports, and maritime industries.

Key Features of Visakhapatnam’s Port Industry

 Visakhapatnam Port Trust (VPT) – One of India’s largest cargo-handling ports.
 Gangavaram Port – A deep-water port boosting trade and logistics.
 Naval Dockyard & Indian Navy Base – The headquarters of the Eastern Naval Command.

Major Export & Trade Sectors in Visakhapatnam

• Petrochemicals & Fertilizers – Hindustan Petroleum, Coromandel International.
• Steel & Heavy Industries – Rashtriya Ispat Nigam Limited (RINL).
• Pharmaceuticals – Aurobindo Pharma, Laurus Labs.

With growing foreign trade, shipping infrastructure, and port expansions, Visakhapatnam is becoming a global maritime powerhouse.

Visakhapatnam’s Booming IT & Technology Industry

Visakhapatnam is emerging as a key IT and software development hub, attracting global tech firms and startups.

Key IT & Business Parks in Visakhapatnam

 Rushikonda IT Park – Home to leading software companies.
 MVP Colony & Madhurawada – Emerging as major IT corridors.
 Visakhapatnam Fintech Valley – A government-backed fintech and innovation center.

Top IT Companies in Visakhapatnam

 Wipro
 TCS
 Tech Mahindra
 Cyient

With a skilled workforce, low operational costs, and strong government support, Visakhapatnam is becoming an IT and startup-friendly city.

Visakhapatnam’s Industrial & Manufacturing Growth

Visakhapatnam is one of India’s top industrial cities, with steel, petroleum, and pharmaceuticals driving its economy.

Key Industrial Zones in Visakhapatnam

 Visakhapatnam Steel Plant (RINL) – A major steel producer in India.
 Hindustan Shipyard Limited – India’s leading shipbuilding facility.
 Special Economic Zones (SEZs) – For manufacturing, logistics, and exports.

Major Companies Operating in Visakhapatnam

• Hindustan Petroleum Corporation Ltd. (HPCL)
• Larsen & Toubro (L&T Shipbuilding)
• Dr. Reddy’s Laboratories
• Bharat Heavy Electricals Ltd. (BHEL)

With expanding industrial zones, foreign investments, and strategic coastal advantages, Visakhapatnam is one of India’s most promising industrial hubs.