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Economy of Visakhapatnam


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tion (APIIC) special economic zone (covering 5,770 acres (23.4 km) and occupied by WS Industries, Pokarna Limited, Uniparts, Confidence Petroleum, Southern Online Bio, Nagarjuna AgriChem, Anjaney Alloys, Maithon Alloys and Abhijit Ferro Alloys) at Autonagar, Atchutapuram. A railway line is under construction connecting the industrial zone with the Gangavaram Port. The Visakhapatnam Special Economic Zone began in 1989; exports from the VSEZ totalled approximately Rs. 15,820 million (US$ 288 million) in 2011.

Brandix Apparel City is in operation in Atchutapuram. This is a textile-based SEZ covering 1,000 acres (4.0 km). The aim of this project is to provide 60,000 local jobs. It is expected that exports will reach Rs. 55 billion (US$ 1 billion) when fully operational. The SEZ has foreign textile manufacturers, including Pioneer Elastic Fiber, Ocean India, Quantum Clothing, Fountain Set Group and Limited Brands.

Pilkington (an automotive-glass manufacturer) and Jawaharlal Nehru Pharma City (JNPC) are also in Visakhapatnam. JNPC is the only pharmaceutical SEZ in India, with 38 pharmaceutical companies including PharmaZell of Germany and Eisai Pharma of Japan. U.S.-based Hospira Chemicals has purchased land for a plant in the city.

Companies such as Reliance, Brandix and HPCL have purchased areas in special economic zones (SEZs) for their industries. Aluminium refineries (such as Anrak Aluminium and Jindal Aluminium) are developing in Visakhapatnam because of the bauxite reserves around the city. Bhabha Atomic Research Centre (BARC) plans its second research facility in the country (after Trombay) in the area. Visakhapatnam was one of five sites in the country selected to hold strategic crude-oil reserves in case of a national emergency.

Other industries include Hindustan Zinc, GAIL, IOC Bottling Unit, BPCL Bottling Unit, Synergies Castings, Rain Calcining Limited, Coromandel Fertilizers, Hindustan Ship Yard, Bharat Heavy Plate and Vessels
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