About Visakhapatnam
There are many Special economic zones and industrial corridors such as, VSEZ, APSEZ, APIIC. Brandix Apparel City is a textile-based SEZ covering 1,000 acres. The SEZ has textile manufacturers namely Pioneer Elastic Fiber, Ocean India, Quantum Clothing, Fountain Set Group and Limited Brands. Jawaharlal Nehru Pharma City (JNPC) is the only pharmaceutical SEZ in India, with 58 pharmaceutical companies.
Visakhapatnam was one of five sites in the country selected to hold strategic crude-oil reserves in case of a national emergency. Visakhapatnam is a part of the Petroleum, Chemical and Petrochemical Investment Region (PCPIR), proposed between Visakhapatnam and Kakinada. Simhadri Super Thermal Power Plant of NTPC Limited is another contributor to the economy.
Aluminum refineries such as Anrak Aluminum and Jindal Aluminum are developing because of the bauxite reserves around the city. The major industrial areas in visakhapatnam are IT –Madhurawada, IP Gurrampalem, IP Visakhapatnam -7, IP_Chippada, IP_Chintapalli, IP_Araku, IP Ankapalli, IDA Parawada, IDA Aganampudi, IP_Gambheeram, etc. Moreover, the cost generally charged for goods transportation from visakhapatnam starts at 1000/-. The prices may vary in accordance with the type, weight, quantity of material and distance to be travelled. The areas nearby are Adilabad, Ananthapur, Chittoor, East Godawary, Godavari, Guntur, Hyderabad, Kadapa, Karimnagar, Krishna, Kurnool, Mahabubnagar, Medak, Nalgonda, Nellore, Nizamabad, Prakasam, Ranga Reddy, Srikakulam, Vizianagaram, Warangal, etc.
