Industry

Uber signs pact with Telangana govt.

A file illustration picture shows the logo of car-sharing service app Uber on a smartphone next to the picture of an official German taxi sign in Frankfurt, September 15, 2014. A German court is set to rule March 18, 2015, whether Uber's novel taxi-hailing service violates driver licensing rules, a decision that could lead to a nationwide ban on the service. The case in a Frankfurt court brought by German taxi operator group Taxi Deutschland against Uber is one of more than a dozen lawsuits filed across Europe in recent months by taxi industry associations against the San Francisco-based company. Taxi drivers around the world consider Uber unfairly bypasses local licensing and safety regulations by using the internet to put drivers in touch with passengers. REUTERS/Kai Pfaffenbach/Files (GERMANY - Tags: BUSINESS EMPLOYMENT CRIME LAW TRANSPORT)   | Photo Credit: KAI PFAFFENBACH

App-based taxi hailing company Uber will invest $ 50 million in Hyderabad over the next five years to establish a facility that will house hundreds of its employees and would be its biggest international office.

The US-based company on Monday signed an agreement with Telangana government for setting up of the “state-of-the-art facility” as it is ramping up India operations.

The company recently expanded its services to seven Indian cities, making it the largest geographical market outside the U.S.

“This MoU is a visionary step and a significant milestone in how governments and Uber are working together around the world to develop smart cities,” it added.

Uber and the Telangana government will partner to create socio-economic opportunities for women and people for resource-poor sections of society.

“Uber will collaborate with the Telangana Academy for Skills and Knowledge (TASK) to identify and train over 2,000 candidate by the end of 2016 who will then drive on the Uber platform,” the statement further said.

In May, Uber appointed Rent.com’s Amit Jain as its new India head.

Earlier this year, Uber decided to accept cash payments in Hyderabad, a first in its global operations.

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Printable version | May 10, 2021 3:44:23 AM | https://www.thehindu.com/business/Industry/uber-to-invest-50mn-in-hyderabad/article7392103.ece

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