Quick Facts

Economy

• Port City: Visakhapatnam is home to one of the largest ports in India, Visakhapatnam Port, which plays a significant role in shipping and trade
• Industrial Hub: It is known for its thriving industries such as steel, shipbuilding, petrochemicals, and oil refineries
• Heavy Industries: The Rashtriya Ispat Nigam Limited (RINL), also known as Visakhapatnam Steel Plant, is a major steel production unit in the region
• Software and IT: The city is emerging as an IT hub, with several software parks and tech companies setting up operations
• Tourism: The tourism industry is also a growing sector, attracting both domestic and international tourists