Telangana Government signed MoU with Uber to expand operations in Hyderabad
As part of the MoU, Uber will invest 50 million US dollars in Hyderabad to build its largest corporate office outside the USA.
Telangana Government on 6 July 2015 signed a Memorandum of Understanding (MoU) with transportation facilitation app Uber.
The MoU is aimed at creating thousands of jobs and entrepreneurship opportunities, foster technical innovation and research into smart city initiatives and a commitment to make significant investments to expand its operations in Hyderabad.
Highlights of the MoU
• Uber will collaborate with The Telangana Academy for Skills and Knowledge (TASK) to identify and train around 2000 candidates by the end of 2016 who will then drive on the Uber platform. The focus of this initiative will be on women and poor people.
• Uber will invest upwards of 50 million US dollars into Hyderabad to establish a state-of-the-art facility that will house hundreds of new employees. With this, India will have Uber’s second-largest employee pool after the USA.
• Uber will engage with T-Hub and the government and explore synergies to foster the smart cities initiative and technological innovation in the city using big data analysis.
For Uber, India is the second-biggest market after the USA in terms of the number of cities in which it operates. At present it has operations in 320 cities spread across six continents.
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