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Vijayawada is the second largest city in the state of Andhra Pradesh of India. It is one of the Tier-II cities and categorized under B-1 grade cities of India . Factors contributing to its economic growth include agricultural exports, tourism, resources, industries and transportation etc., with the economy depends largely on trade and commerce, providing entrepreneurial growth. About 70% of the working people are involved in tertiary activities. The GDP of Vijayawada 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.
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Agriculture
Farms and plantations in the area are irrigated using water from the Krishna River and Prakasham Barrage. The city is one of the largest exporters of mango in the state of Andhra Pradesh and earns revenue from the mango plantations. Other important crops include rice and sugarcane.
Industrial sector
Industrial sector is based mainly on agro products processing, textile, automobile body building, hardware, consumer goods, fertilizers, and small industries. The two well equipped industrial estates in Vijayawada are Auto-Nagar and other near Kondapalli.
Agro-based and textile industries
Vijayawada is the hub of agricultural markets of Krishna district. The trade and exports agro commodities such as, Tobacco, cotton, turmeric and mangoes etc., and solvent extract plants, oil, dal and rice mills are located around the city. There are textile markets at Old Town, Kaleswara Rao market area, Governorpet and Besant Road for textile trade.
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.
The industrial estate in Kondapalli has an 450 acres (1.8 km2) industrial park with more than 800 industries.
Industrial parks
There are some of the 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), is located at 25 km from the city. L&T Hitech City Limited, a proposed IT/ITES SEZ project, spread over an area of 30 km2 (12 sq mi), is located near Gannavaram airport. IT park, proposed in an area of 40 km2 (15 sq mi), is located in Mangalagiri town, near Vijayawada.
Transportation
The city is well connected to the rest of the country by National Highways, Railways, boosting trade. Vijayawada railway station with A-1 status, is one of the important railway junctions in India contributing the highest revenues in the South Central Railway. It also has a domestic airport at Gannavaram, which is the headquarters for regional airliner Air Costa.
Tourism
The important tourism city of Vijayawada after Visakhapatnam in the state 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. Real-estate companies are building housing projects in the city outskirts with many residential townships.