Since most of the
heavy industries established in Visakhapatnam, like
Hindustan Petroleum Corporation Limited,
Visakhapatnam Steel Plant and
Gangavaram Port lie in close proximity of Gajuwaka, its growth has mirrored that of
Visakhapatnam. Gajuwaka is one of the busiest shopping districts of Andhra Pradesh. The neighborhood is considered to be the biggest shopping district in the state by revenue. There are a number of apparel, jewelry, and utensil stores based in Gajuwaka. Several hotels and restaurants including Best Western Ramachandra, Paradise Food Court, and many other food court chains have emerged within a 5–10 year span. Major national and international jewellery brands have also established their presence in the area, including MNC brand Malabar Gold & Diamonds, along with prominent Indian jewellers such as Khazana, GRT, Joy Alukkas, and other regional players. == Etymology ==