Uber to set up biggest global office for $50 million in Hyderabad
Uber, the app-based taxi hailing service expanded to seven Indian cities, making it the largest geographical market outside the US.business Updated: Jul 07, 2015 00:29 IST
Taxi-hailing app Uber, which was banned by the Telangana government seven months back for unauthorised taxi operations, is now helping the state in formulating a new regulatory framework.
The US-based company on Monday signed an MoU with the Telangana government to invest $50 million (about Rs 320 crore) over the next five years in Hyderabad, and would also partner with the state in skills development.
“Uber would establish a state-of-the-art facility in Hyderabad that would house about 500 employees and would be the largest such facility outside the US,” Siddharth Shanker, general manager Uber, Hyderabad, told HT.
The company declined to explain the activities planned or the role of these employees.
The company also launched its “first cash payment” service in April in Hyderabad.
It is a turnaround for the company in the state, which deemed Uber’s services illegal, as it said the web and app based taxi services are not under the state Road Transport Authority or any other regulation in the country. The ban on the company in Telangana and Andhra Pradesh among other states came in December in the wake of a rape incident in New Delhi.
Uber, which now enjoys the government’s support, is guiding the state in making of the regulatory policy.
“They have shared a draft, which we would discuss with the RTA, the nodal body that would bring out the regulatory document on the technology-based taxi services in a month,” Jayesh Ranjan, secretary, IT, Telangana government told HT.
Uber would collaborate with the Telangana Academy of Skills and Knowledge (TASK) to train over 2,000 candidates by 2016-end, which will then drive on Uber platform.
First Published: Jul 06, 2015 18:50 IST