IT industry registered an impressive in IT/ITeS revenues, that generated , an increase of 20%, compared to the previous financial year. The same year saw an increase in employment, generated by the IT/ITeS industry, with 16,988 jobs as compared to 16,000 in 2011–12 period. The Information Technology Investment Region (ITIR) project, planned by the Government of Andhra Pradesh, may generate employment to approximately, up to IT professionals and also the it can generate revenue for the economy, of up to . Minerals and resources Visakhapatnam and its surrounding areas are having mineral deposits of quartzite, bauxite, graphite, manganese, titanium, silica sand and 1,000 MT of bauxite reserves. The Iron ore and other minerals, from the neighbouring states are transported through rail and road to Visakhapatnam. These minerals are exported through sea to other countries. Ilmenite is used for extraction of titanium and Monazite for extraction of thorium are found at Bheemunipatnam. Ferroalloy plants, Aluminium refineries (such as Anrak Aluminium and Jindal Aluminium) are developing, due to the close proximity of manganese and bauxite. Petro corridor Visakhapatnam holds crude oil reserves with Hindustan Petroleum Corporation Refinery, IOC and BPCL have their bottling units in the city. Visakhapatnam is a part of the Visakhapatnam–Kakinada Petroleum, Chemicals and Petrochemicals Investment Region (VK PCPIR), proposed between Visakhapatnam and Kakinada. Power plants Simhadri Super Thermal Power Plant is a coal-based power plant under the ownership of NTPC Limited. It has a capacity of 2000 MW with 4 units of 500 MW each. Hindujas has begun construction of a 1,040 MW coal-based thermal power plant in Visakhapatnam district with two 520 MW units. See also Economy of Andhra Pradesh References