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.
the UCO Bank was founded in 1943 in Kolkata. It is a major government-owned and commercial bank of India also known as the United Commercial Bank. Its total business was ? 4.55 lakh crore during FY 2013-14. It was ranked 1860 on Forbes Global 2000 List by 2014 data. According to the Brand Trust Report 2014, a study conducted by Trust Research Advisory, the Bank was ranked 294th among Indias most trusted brands. It was a difference of 796 ranks considering its previous position among Indias most trusted brands in the Brand Trust Report 2013. The bank had 4,000 additional service units, 49 zonal offices across India as of 30 March 2017. Outside India, it has two offices in Singapore and Hong Kong. The corporate office of UCO bank is on BTM Sarani, Kolkata. Shri Ghanshyam Das Birla, an influential industrialist, got the idea of establishing a commercial bank with the Indian capital during the Quit India movement of 1942, and as a result, the United Commercial Bank Limited was incorporated. The bank was started in Kolkata with an issued capital of ?2 crores and a paid-up capital of ?1 crore. The Board of Directors of UCO Bank included notable personalities of India alongside Shri Ghanshyam Das Birla as its chairman. The bank opened 14 branches simultaneously across India. Presently Mr.Ravi Krishan Takkar is the chairman and MD of UCO Bank.