VISAKHAPATNAM - Market Research and Opportunity Analysis Report
Report Inclusions
Geographical Analysis of a selected location| Demographical Analysis of selected location | Market Dynamics | Economical Overview | Environmental Analysis | Existing Infrastructure | Resources Availability | Market Potential - Untapped Opportunities | Potential Business Ideas and Ratings
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Executive Summary and Analysis • Visakhapatnam is the largest and most populous city of Andhra Pradesh. It lies amidst the Eastern Ghats and the coast of the Bay of Bengal. • The city has many nicknames such as; The City of Destiny and The Jewel of the East Coast. • Visakhapatnam is one of the four Smart Cities of Andhra Pradesh selected under Smart City Mission. • The city is home to the oldest shipyard and the only natural harbour on the east coast of India. • Visakhapatnam Port is the 5th busiest cargo port in India, and the city is home to the headquarters of the Indian Navy's Eastern Command and South Coast Railway zone. • Visakhapatnam is ranked 122 in the list of fastest-growing cities in the world. • Visakhapatnam is the only city in India to host twin ports as the ports handle the largest volume of cargo in the country. Market Research and Opportunity Analysis Report VISAKHAPATNAM
Economical Analysis • • • • •
Visakhapatnam is the ninth-largest contributor to India's overall gross domestic product as of 2016. It has a GDP of $43.5 billion. It is the 9th richest city in India. Visakhapatnam’s major source of economy are heavy industries(HPCL, BHEL, CONCOR, Hindustan Shipyard Ltd., etc.), fisheries, software industry and pharmaceuticals. In addition to being a major port handling high volume of cargo, it has developed oil refining, fertilizer, petro-chemical, steel plant, sugar refining and jute industries. Tourism also plays an important role in generating revenue, with numerous tourist destinations in and around the city. Blessed with a natural harbor and one of the largest ports of India, sea trade was made possible with other countries which also boosts the economy.
Market Research and Opportunity Analysis Report VISAKHAPATNAM
SWOT Analysis STRENGTHS
OPPORTUNITIES
WEAKNESSES
THREATS
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Strong industrial base and port activity
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24*7 power supply
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Limited infrastructure expansion possibility.
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Rising unemployment of the local people
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Beach beautification and shore restoration projects will enhance tourism potential.
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Air pollution due to high vehicular growth and heavy industries.
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Prone to natural disaster like cyclone.
Market Research and Opportunity Analysis Report VISAKHAPATNAM
Untapped Business Opportunities in VISAKHAPATNAM AGRICULTURE INDUSTRY
FOOD INDUSTRY
ENERGY & CLEANTECH
• Integrated Dairy Farming
• Packaged Sugarcane Juice Manufacturing • Tamarind Processing
• Biodiesel Processing Unit • Solar Thermal Application
• Quinoa Production and Processing
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SERVICE INDUSTRY • Smart Vending Machine • Errand Runner
Market Research and Opportunity Analysis Report VISAKHAPATNAM
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EDUCATION INDUSTRY
HEALTHTECH INDUSTRY • Activated Carbon Manufacturing Unit • Wellness Center
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STEM Toys Manufacturing E-library Business
METICULOUS BUSINESS PLANS
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Market Research and Opportunity Analysis Report - VISAKHAPATNAM