page_title: Vijayawada
section_title: Economy
hierarchical_section_title: Vijayawada / Economy
caption_attribution_description: English: Exterior View of PVP Square
context_page_description: Vijayawada, also known as Bezawada is a city in the Indian state of Andhra Pradesh. It lies on the banks of River Krishna surrounded by the hills of Eastern Ghats known as Indrakeeladri Hills in Krishna District. It geographically lies on the center spot of Andhra Pradesh. The city has been described as the commercial, political, educational and media capital of Andhra Pradesh, second largest city in Andhra Pradesh and is one of the rapidly growing urban areas in India.
  Vijayawada is considered to be a sacred place for residing one of the most visited and famous temples of Andhra Pradesh and India, Kanka Durga Temple of Hindu Goddess Durga. It also serves as the ritual host of Pushkaram of River Krishna. There is a legend which says that Arjuna, one of the heroes of the Indian epic Mahabharata, prayed on top of the Indrakeeladri Hill in the city and won the blessings of Lord Shiva to get the Pashupatastra to win the Kurukshetra War.
context_section_description: Vijayawada is one of the rapidly growing urban markets of the country. The sectors that contribute to the city economy are construction, education, entertainment, food processing, hospitality, registrations, transport, etc. Based on the recommendations of the Sixth Central Pay Commission, it is classified as one of the Y-grade cities of India. According to one study, the GDP of the city in 2010 was $3 billion (Rs. 18,000 crore) and is expected to grow up to $17 billion (Rs. 1,02,000 crore) by 2025. According to another by Oxford the GDP of the city in 2018 was $5.8 billion and is expected to grow up to $21 billion by 2035.
  Andhra Cements (1937) was the first cement factory in Andhra Pradesh. Siris Pharmaceuticals was the first pharma company in Andhra Pradesh and was established in 1950.
  The city has trading and exporting markets for agriculture and industrial goods. The Nunna Mango Market is one of the largest mango markets in Asia, exporting to major cities in the country. It is also a hub for storage, bottling, and transportation of petroleum products of all major companies like BPCL, HPCL, and IOC.
  The city is also attracting many international IT companies. HCL Technologies, wipro, the Noida-based Indian multinational is constructing its Vijayawada campus in Kesarapalli Village, near to Gannaravam. In the first phase HCL will provide employment to 5,000 students.
  The growing population and economy have resulted in rising real estate prices.
caption: A view of PVP Mall on M.G. Road
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