Economy of Vijayawada
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Agriculture
Farms and plantations in the area are irrigated using water from the
Industrial sector
Industrial sector is based mainly on agro products processing,
Agro-based and textile industries
Vijayawada is the hub of agricultural markets of
Automobile and heavy industries
Auto Nagar industrial estate, also known as Jawahar Lal Nehru Auto Nagar Estate, is an industrial park dedicated to the automobile industry. It is one of the largest of its kind in Asia.[5]
The industrial estate in Kondapalli has a 450 acres (1.8 km2) industrial park with more than 800 industries.[6]
Industrial parks
There are some industrial parks present and proposed in and around the city. Apparel Park, is an industrial development project, spread over an area 1,000 acres (400 ha), and is located at 25 km from the city. L&T Hitech City Limited, a proposed
Software Industry
The city is also attracting many international IT companies.
Wholesale
In November 2012
Transportation
![](http://upload.wikimedia.org/wikipedia/commons/thumb/1/18/Vijayawada_station.jpg/220px-Vijayawada_station.jpg)
The city is well connected to the rest of the country by
Air
![](http://upload.wikimedia.org/wikipedia/commons/thumb/c/c3/Vijayawada_Airport_5_%28November_2018%29.jpg/220px-Vijayawada_Airport_5_%28November_2018%29.jpg)
The Vijayawada Airport at Gannavaram provides air connectivity to major metropolitan cities of the country.[11] On 3 May 2017, Vijayawada Airport was upgraded from Domestic to International status. International Flights started from 4 December 2018 by Indigo Airlines to Singapore. The International Flights to Singapore stopped after 27 June 2019 because the State Government stopped Viability Gap Funding in June 2019 .[11] As of June 2019[update], it registered a domestic passenger movement growth rate of 70.0% with a total of 11 Lakh 92 Thousand Passengers in FY 19.[12] Aircraft movement recorded a growth of 65.0%.[13]
Resources
Power plants
Kondapalli Estate houses the thermal plant namely
Tourism
![](http://upload.wikimedia.org/wikipedia/commons/thumb/e/e1/Kanaka_Durga_Temple.jpg/220px-Kanaka_Durga_Temple.jpg)
The important tourism city of Andhra Pradesh after Visakhapatnam is Vijayawada, has certain landmarks and visitor attractions in and around the city such as Prakasam barrage, parks, museums, caves, river island and religious sites etc.
Real estate
The growing population and economy have resulted in rising real estate prices.[17] Real-estate companies are building housing projects in the city outskirts with many residential townships.
References
- ^ "Indian cities grading" (PDF). India Brand Equity Foundation. p. 43. Retrieved 4 June 2014.
- ^ "Tier I and Tier II Cities of India". mapsofindia. Retrieved 4 June 2014.
- ^ "Archived copy" (PDF). Archived from the original (PDF) on 17 July 2014. Retrieved 15 July 2014.
{{cite web}}
: CS1 maint: archived copy as title (link) - ^ a b c "Economy of the City". The Financial Express. Retrieved 15 July 2020.
- ^ a b c d "Economic sectors of Vijayawada". vijayawadaonline. Retrieved 4 June 2014.
- ^ "Kondapalli Industrial Estate". vijayawadaworld. Retrieved 4 June 2014.
- ^ "HCL to create 5,000 jobs in Andhra Pradesh's Kesarapalli". The New Indian Express. Retrieved 12 December 2019.
- ^ "Metro store comes to Vijayawada". The Hindu. Retrieved 22 October 2020.
- ^ "Andhra Pradesh / Vijayawada News: Plans to develop railway station". The Hindu. 24 March 2008. Archived from the original on 27 March 2008. Retrieved 30 January 2012.
- ^ "LEPL to invest Rs 600 cr in Air Costa". Business Standard. Retrieved 16 October 2013.
- ^ a b "International status to boost air traffic from Vijayawada airport". The New Indian Express. 5 May 2017. Retrieved 8 May 2017.
- ^ Boda, Tharun (26 January 2019). "Vijayawada airport sees 73% international passenger load factor in first month". The Hindu. Retrieved 25 June 2019.
- ^ "Domestic Aircraft Movements" (PDF). Airports Authority of India. p. 2. Archived from the original (PDF) on 28 April 2017. Retrieved 24 May 2017.
- ^ "Dr Narla Tata Rao Thermal Power Plant". Andhra Pradesh Power Generation Corporation Ltd. Archived from the original on 3 March 2012. Retrieved 6 June 2014.
- ^ "Lanco power plant". lancogroup. Retrieved 4 June 2014.
- ^ V. Sajeev Kumar. "Companies News: BHEL Tiruchi to invest Rs 600 cr over two years". Business Line. Chennai. Retrieved 30 January 2012.
- ^ ET (31 August 2012). "Despite slowdown, housing prices bullish across cities". The Economic Times. Retrieved 8 August 2013.
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