Industrial Development is conspicuous in Visakhapatnam urban agglomeration with the large scale industries like Hindustan Shipyard, Hindustan Petroleum Corporation, Coromandal Fertilizers, Bharat Heavy Plates and Vessels, Hindustan Zinc Plant and the recent giant Visakhapatnam Steel Plant and a host of other ancillary Industries. The Visakhapatnam Steel Plant is the biggest with an authorized share capital of Rs.7466 crores with a licensed capacity of 2.8 Million Tons of salable steel 3.0 Million Tons of Pig Iron and 8.32 lakhs Tons of by product. About 34,000 persons expected to be employed. The project has provided employment to 33000 persons. On the country side the agro based industries like Jute Mills and Rice Mills are there besides brick and tile units. The District has 1132 registered factories under factories Act functioning with a working force of about 1,33,625 persons during 2019-20.
It is another important economic activity of the fishermen population living in about 10 fishery villages and hamlets on coastline.
Power consumption by industries is 268.40lakh Million Units while 117.81lakh Million Units for Agricultural purposes. All 160 villages in the District (including hamlets) have been electrified including solar power system during 2019-20.
TRANSPORT & COMMUNICATIONS
The District has a Road length of 663.62 kms. of which the National Highway runs to a length of 52.48 kms State Highways at a length of 72.45 kms and the balance forms the roads maintained by Roads and Buildings, Zilla Praja Parishad and Mandal Praja Parishads.
There are 525 Bank Branches including Cooperative Banks in the district to look after the credit needs of the people.
EDUCATIONAL AND MEDICAL FACILITIES
There are 659 Primary Schools with 0.79 lakhs children on enrolment, 268 Upper Primary Schools with an enrolment of 0.37 lakhs, 513 High Schools with 2.30 lakhs pupils on roll, 240 Junior, Degree and Professional Institutions with 1.12 lakhs students during 2019-20.
Regarding Medical facilities, there are 32 Government Hospitals and dispensaries for Allopathic with 100 bed-strength and 33 Doctors and 15 Hospitals and dispensaries for Indian Medicine (Ayurvedic, Homeopathy, Naturopathy and Unani) with 11 Doctors during 2019-20.