In yet another example of the increasing trend of public-private partnerships- specially in the cab aggregation segment, Ola has signed a Memorandum Of Understanding with the Uttar Pradesh Government in a bid to create over 50,000 entrepreneurship opportunities across the state.
The signing of the Memorandum took place in very high-powered company that included Abhishek Mishra, Minister for Vocational Education and Skill Development, Akhilesh Yadav, Chief Minister of Uttar Pradesh and Arvind Singhatiya, Vice President, Corporate Affairs at Ola.
Apart from creating opportunities for entrepreneurs, Ola will be working to introduce the whole range of its innovative mobility solutions into the state. Some of the services that are slated to become operational in the state in the near future include Ola Auto — the three wheeler on demand service , Ola Share — lets users pool their cars and Ola Shuttle — the bus aggregator service.
An introduction of these solutions is particularly relevant for a state like the UP, which has severe transportaion issues caused due to both its large population as well as the sad affair of its roads. Also, considering that 10 of its cities are on the verge of becoming smart cities, the memorandum makes much more sense.
Speaking on the occasion, State CM Akhilesh Yadav,
The state of Uttar Pradesh is growing as an economic centre for the country faster than ever before. The compounded annual growth rate of U.P. in the last three years has been higher than the national growth rate. Technology and skilling are two major areas we would like to focus on to further accelerate the impact on the state’s economy.
After praising the development done under his government, he also commented upon the memorandum in question.
Ola’s commitment to building mobility for citizens by using cutting edge mobile technology and by enabling entrepreneurship and skilling will be invaluable. We are extremely delighted to bring them onboard as part of this MoU to skill and create opportunities for over 50,000 youth in the state of Uttar Pradesh.
The folks at Ola seemed pretty excited too after reaching an understanding with the most populous state in the country.
We are proud to partner with the Uttar Pradesh government. We aim to create more than 50,000 employment and entrepreneurial opportunities in the state by investing in skill development of youth.
We are bullish about Uttar Pradesh and will work with the state towards further improving access to mobility in its cities by bringing on-board innovative transportation use cases like Ola Auto, Ola Share, Ola Shuttle and more to complement the existing transportation infrastructure in Uttar Pradesh.
The company came to the state in 2014 and since then, has been steadily increasing its presence and reach. The ola service at present, is accessible from the cities of Lucknow, Kanpur, Agra, Meerut, Aligarh, Allahabad, Saharanpur, Varanasi and Mathura and is increasingly changing the face of travel in the state. It currently has 2100 partner drivers and aims to increase the number almost tenfold, in the next five years.
Well, the MOU is certainly a good thing — more so for the denizens of the state, who can look forward to comfy travel in the near future, than for anyone else. However, with a partnership with a state with a pool of tens of million of potential customers, is something to be happy bout for Ola too.
Meanwhile, the government can show the memorandum as yet another feather in its cap too.