ocean liners of 200,000–250,000 DWT. The Visakhapatnam Port Trust plans to develop a satellite port at Bheemunipatnam to reduce the traffic. SEZs and industrial parks There are special economic zones (SEZs) and industrial corridors such as Visakhapatnam Special Economic Zone (VSEZ), APSEZ, APIIC, Aganumpudi Industrial Park, Visakha Dairy, JNPC, Andhra Pradesh Medtech Zone. Pharmaceuticals Jawaharlal Nehru Pharma City (Ramky Pharma City (India) Limited) is a Public Private Partnership between Government of Andhra Pradesh and Ramky Group. It is a special purpose entity, setup for the manufacturing of bulk drugs and pharmaceuticals. It is the first industrial township in India, spread over an extent of with 102 companies and 8698 employees, presently in operational. PharmaZell of Germany and Eisai Pharma of Japan, French collaboration with SNF Ltd, joint US venture Aptuit Laurus Labs and US multinational company Hospira Healthcare Private Limited (a Pfizer Company) are major companies in the pharma city. Heavy industries Hindustan shipyard The defense administered Hindustan Shipyard Limited, built the first ship of India in 1948, which was named as Jala Usha and also built 167 various size of ships. The ports and shipyard in the city led to the establishment of several large scale industries such as, GAIL, HPCL, BHEL, Hindustan Zinc, Dredging Corporation of India , Coromandel Fertilizers, Reliance and Brandix etc, and industries headquartered in Visakhapatnam are RINL, Dredging Corporation of India, etc. Steel plant Visakhapatnam Steel Plant, whose corporate entity RINL is the second largest state-run steel industry. The capacity of the plant has been upgraded to 6.3MT, and it covers an area of . It is planned to become a 20MT plant in the future, the largest plant in a single location. The plant had revenues of for 2011–2012 and has about 17,800 employees. Software industry The ITES and IT sector is growing at its pace in the city of Visakhapatnam, the generated revenue from these sectors are a boon to the economy. The IT special economic zone and incubation center exists at Rushikonda Hills, of the city. There are many national and multi–national IT/ITes and banking firms such as Mahindra Satyam, Pulsus Group, Wipro, Kenexa, Infotech, IBM, Sutherland, and HSBC etc. Software exports from Visakhapatnam have increased by nearly 90% each year. The IT exports from the city for 2012 were 1,200 crore and 16,000 people were employed. According to data released by the state IT department for the financial year 2012–13,