Visakhapatnam - City Facts, PEST Analysis, Key Industries & Investment Opportunity Profile-2022

Visakhapatnam is Andhra Pradesh’s largest city, both in terms of population as well as economy. Prior to the bifurcation, Visakhapatnam was the second-largest IT Destination in United Andhra Pradesh after Hyderabad & till date, Vizag remains the most preferred destination for IT Investment. The city is believed to have witnessed a 30% rise in turnover for IT Sector during FY 2018-19.

Geo-economic shift post-pandemic will be favoring India, opening a plethora of business opportunities across various sectors. Several companies are likely to shift base to India and revamp their businesses to suit a post-COVID-19 economy & Visakhapatnam can turn out to be the next major hub for such companies. The IT sector in Visakhapatnam mostly comprising business process management and knowledge process management units is all set for impressive growth if the interest evinced by entrepreneurs for investment is any indication. Blessed with robust infrastructure and locational advantage Visakhapatnam can be a ‘Next - Best' City for Global Industrial Re-shoring in India.

Major Industries Include – IT & ITES, Electronics, Metallurgy, Agro Based, Food-Based/Processing, Textile, Pharmaceuticals, Automobile, Rubber, Gem & Jewellery, Life Sciences, Logistics & Warehousing, Hospitality, Tourism, Construction & Real Estate

• City Facts - Visakhapatnam
• Political Analysis
• Economic Analysis
• Social Analysis
• Technology and Infrastructure
• Key Companies
• Investment Index Benchmark – Self Reliant Visakhapatnam

• The city profiling helps to analyse comprehensive political scenario of the city including Political Stability, Trade & Fiscal Policies, Trade Agreements, Ease of doing Business etc.;
• City profiling shall augment the understanding of the Economic scenario of the city including FDI Inflows & Potential, GDP Growth rate, Employment Rate and Structure etc.;
• The city profile demystifies Social Environment & gives Technological Overview of the city including status of public infrastructure, mass transit systems, railway/airport infrastructure, smart city indexation, SEZs, hospitality index, health infra etc.;
• City profiles projects detailed analysis for existing MNCs, PSUs, CPSUs, Private Companies, noteworthy Start-Ups & Regional Growth Leaders companies with comprehensive input upon potential investment industries
• The city profiling examines explore fresh investment opportunities across a city and draws an investment benchmark with other potential cities on regional, state and national levels;

• Examining basic facts like area, overall population, industrial clusters etc. for Visakhapatnam city;
• Examining Political Scenario for Visakhapatnam city;
• Examining Economic Scenario for Visakhapatnam city;
• Examining Social Scenario for Visakhapatnam city;
• Examining Technological & Infrastructural aspects for Visakhapatnam city;
• Examining profiles for key industries invested in Visakhapatnam city;
• Coming up with Overall Attractiveness of Visakhapatnam City with the help of “Investment Index Benchmark” on regional, state and national level;

• Understanding basic facts of Visakhapatnam city like area, overall population, industrial clusters etc.;
• Understanding Political Scenario for the city including government sanctions, tax regime, government support/incentives etc.
• Understanding Economic Trends & Outlook which covers various aspects like industrial licensing, rate of urbanisation, economic growth etc.;
• Unravelling Social Environment for the city including population spread, literacy rate, status of training and skill development centers/institutes etc. ;
• Analysing Technological & Infrastructural growth of the city;
• Detailed Profiling of Key Companies already invested/plans to invest in the city;
• Identifying potential sectors/industries for investments in near future;

• Private Industrial Conglomerates;
• Public Industrial Conglomerates;
• MSME Industries;
• Multinational Companies;
• National Level Private Companies;
• State Level Private Companies;
• Regional Growth Leaders;
• Start-Ups;
• Financial Institutions;
• Private Project Developers;
• EPC Service Providers;
• Turnkey Solution Providers;
• Project Financing Agencies;
• Industry Associations;
• Technical Consulting Groups;
• Project Consultants;
• Research Agencies;
• Urban Local Bodies;