Kakinada, a city in the Indian state of Andhra Pradesh, was formerly known as Cocanada. It is one of the largest cities in AP and serves as the district headquarters of the East Godavari district. It was initially known as Kakinandivada village, which was eventually a Dutch settlement. They used export sarees that were called coca or koka in Telugu. Hence, the place was named Cocanada. The name was finally changed to Kakinada after Independence. This city is one of the fastest growing cities in Andhra Pradesh and is currently being developed into a smart city as per PM Narendra Modis smart Cities Mission. Kakinada Port has a natural harbor at Hope Island, which contains two ports - an anchorage port and a deep-water port. The economy of Kakinada primarily depends upon agriculture, fishing and industrial sectors. Paddy and coconut are heavily cultivated in the city. The industrial sector covers the manufacture of refined edible oil, fertilizers and natural gas. The local economy is additionally supported by its textile industry and manufacture of auto parts, steel-related ancillary units and fishing. Kakinada is globally famous for its sweet called kaaja. This Tier-II city got its first IT Park in 2007 and many software companies have opened offices in the city, providing job opportunities to the local youths.
Bank of Baroda (BoB) is a financial services company headquartered in Vadodara, Gujarat, India and have its corporate office in Mumbai. It is ranked 1145 on Forbes Global 2000 list, as per 2017 data. The total assets of BOB are more than ? 3.58 trillion (making it Indias 2nd biggest bank by assets).It has 5538 branches in India and overseas, and 10441 ATMs as of July 2017. On 20 July 1908, The Bank of Baroda was found by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III in Gujarat. It was nationalized on 19 July 1969, by the Government of India along with 13 other major commercial banks of India, and has been designated as a profit-making public sector undertaking. In 1910, BoB started its first branch in Ahmedabad. It went abroad for serving the Indian communities in Kenya and Uganda, then in 1953, by establishing a branch each in Mombasa and Kampala. The next year a second branch was opened in Nairobi, Kenya and in 1956 it opened an office in Tanzania at Dar-es-Salaam. Then in 1957, BoB took a giant step abroad by establishing a bank branch in London. In 1958, BoB acquired Hind Bank established in Calcutta in 1943, which became BoBs first domestic acquisition.