Holiday Expo in Visag

In recent years, Visakhapatnam, known as Vizag, has emerged as one of the fastest-growing cities globally, both economically and demographically. This growth is fueled by various factors, including the establishment of key industries and the rapid expansion of the IT sector.
One of the significant contributors to Vizag’s economic growth is its thriving industrial landscape. The city hosts several key industries, with notable examples being the HPCL Petro-Chemical Complex and various heavy industries. The strategic location of the Vizag Port, the largest in the country, has played a pivotal role in facilitating the development of petroleum, steel, and fertilizer industries in the region.

In addition to traditional industries, the IT sector has experienced remarkable growth in Vizag. Over the past year, the city has witnessed a staggering 100% increase in the IT sector. Leading global companies such as Satyam, TCS, HSBC, Cognizant, Oracle Corporation, IBM, and many others have established their presence in Vizag. This influx of IT firms has not only created employment opportunities but has also significantly contributed to the city’s economic development.