Continuing its aggressive expansion and investment in India, online taxi hailing service Uber has signed a memorandum of understanding (MoU) with the Tamil Nadu government to create over 30,000 jobs.
As per this MoU, Uber will provide jobs to over 30K drivers within the state, along with an active participation in State Government’s smart cities and related projects. This is the second MoU that Uber has signed this in India year as in July it had inked a deal with the Telangana (Hyderabad) government as well, which included an investment of $50 million.
“Uber is pleased to announce our landmark partnership agreement with the Government of Tamil Nadu to drive innovation, create tens of thousands of entrepreneurship opportunities, and provide safe, reliable transport options for people of this state. We are deeply committed to the local communities in which we operate, and look forward to leveraging our global expertise to deliver new solutions to make Chennai a city of the future.”
said Amit Jain, President of Uber India in a blog post.
Meanwhile, a TechCrunch report also stated that Uber is investing $25 million to $35 million in Tamil Nadu. The company will also be involved in training programs, infrastructure builds and working on public-private partnerships around R&D, said the report. Uber already accepts cash payments in Chennai. At present, Uber is present in 22 cities and has over 1.65 lakh driver entrepreneurs and claims to have over 35 per cent market share in India.