Visakhapatnam, popularly known as the “city of destiny” is becoming a hot spot not only for investment but also for tourism and infrastructure. Ever since the government announced that Visakhapatnam would become the executive capital, there has been a special focus on Visakhapatnam. At the same time, this beautiful city has attracted many investors. A survey conducted by a private company revealed many interesting things.
Visakhapatnam, the financial capital of Andhra Pradesh, has set another new record for being one of the top ten richest cities in the country. The city of Visakhapatnam, home to many public sector undertakings like Visakhapatnam Port Trust, Visakhapatnam Steel Plant (VSP), the corporate entity of Rashtriya Ispat Nigam Ltd (RINL), Hindustan Petroleum Corporation Limited, Gas Authority of India Limited, Hindustan Shipyard, and Special Economic Zones including Pharma hub. In addition to this, the state government is developing the city as an Information and Technology hub. Visakhapatnam is one of the top ten cities in the country with a GDP of $ 26 billion. This was revealed in a survey conducted by a private company. Apart from Visakhapatnam, Mumbai, Delhi, Kolkata, Bangalore, Chennai, Hyderabad, Pune, Ahmedabad, and Surat are also the richest cities.
India is the third richest country in the world with a GDP of $ 5 trillion, according to a survey by a private company. The report said that this was possible only with urbanization and industrialization. Just last week, Visakhapatnam was ranked 9th among the cleanest cities in India in terms of cleanliness. Meanwhile, while the government is trying hard to make Visakhapatnam the executive capital, there are blows in the courts. The people of Uttarandhra wholeheartedly welcomed Visakhapatnam as the executive capital. At the same time, investors are also reported to be inclined to invest in Visakhapatnam. However, many analysts believe that this will be possible only if Visakhapatnam overcomes all obstacles and officially becomes the Executive Capital.
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