Ola signs MoU with AP; commits Rs. 150 cr. investment


Partners with the State for its vision of 'Smart Andhra'. The proposed investment will be made over three years and is a bid to encourage driver entrepreneurship.

App-based taxi services provider Ola has signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh. As per the MoU, Ola will enable technology to bring support to over 50,000 vehicles in the State within the next three years. The taxi aggregator will also work towards the State government’s vision of transforming Andhra Pradesh into a smart-tourism hub.

“Tourists visiting Andhra Pradesh will be able to avail the benefits of Ola’s technology and best-in-class service to visit some of the most prominent tourist destinations across the State, with a single tap on their smartphones,” the company said in a release.

Commenting on the MoU, N. Chandrababu Naidu, Chief Minister of Andhra Pradesh, said, “Our vision is to create a smart and modern Andhra Pradesh and technology advancement is going to be extremely important to make this possible. Transportation is one of the most important areas where technology can make a big difference.”

Apart from the MoU, the taxi aggregator also said it will invest around Rs. 150 crore in the State. The proposed investment will be made over three years and is a bid to encourage driver entrepreneurship and to create employment opportunities in the State. Currently Ola has over 10,000 vehicles on its platform in Andhra Pradesh and it plans to increase this number to 50,000 in the next three years. The company will also roll out a free skill development program for drivers.

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Printable version | Jan 19, 2020 3:29:26 AM |

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