Wednesday , 28 June 2017
Uber to invest 50 million USD to enhance global business in India

Uber to invest 50 million USD to enhance global business in India

The cabpreneurs in India who have forayed into this car service business by Uber and other taxi hailing app companies have become quite some great entrepreneurs themselves. Listening to their stories, of some having left a grocery business to take the job of a car driver at Uber and making good money, looks like a wonderful success story. They all have their own stories to tell and, success stories at that, because of the good money they have been drawing, raises the taxi services business to the utmost level in India.

uberUber to invest 50 million USD to enhance global business in India: The taxi calling app called Uber will invest 50 million USD in the oncoming 5 years. This would house a great number of people and the business should foray into an international business in no time. Uber has thus signed a contract with the Telengana government for setting up this deal. The operations in India will soon get ramped up. The company has made a very large market outside the market in the United States. Signing the MoU with the seven Indian cities is a great milestone in developing the Indian cities at par with the world. Sources report that Telengana government along with Uber will partner to provide opportunities for women and also the poorer sections of the society.

Uber looks forward to cooperate with the Government of Telengana and TASK, Telangana Academy for Skills and Knowledge to train at least 2000 candidates by the year 2016. They will be trained to become responsible drivers on the Uber platform. Amit Jain of Rent a Car has joined as the new India head. Uber has already started accepting cash payment earlier this year as a part of its global operations.

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