Uber, eyeing a bigger portion of the Indian taxi empire, will invest an amount of $50 million over 5 years to house its largest global office, outside US, in Hyderabad, states a report from Economic Times. The new setup will be used to train Uber’s drivers and hundreds of its customer support staff.
The US-based taxi hailing service today signed an agreement with Telangana government for setting up its new giant facility as it aims to further expand its operations in the country. Uber plans to hire about 500 people to this facility in the next 5 years and use this giant set up to control all of its services in India.
Sidharth Shanker, general manager of Uber Hyderabad operations said-
The investment will be into Uber’s core business a new green field project which we are going to set up here. It will make Hyderabad the largest Uber office in the world outside the US.
Uber and the Telangana government also plans to create socio-economic opportunities for women and people for resource-poor sections of society under their partnership. Uber had always been showing keen interest in Hyderabad right from the commencement of its operations in India and also experimented its first cashless payment system here.
Last week, Uber launched its operations in seven cities, its biggest ever simultaneous expansion, taking the total number of cities in India on its network to 18. The Tech Portal was the first to report that development.
Under this new partnership, Uber will leverage its global model to create unrivalled entrepreneurship opportunities and support tens of thousands of middle class jobs in Telangana.
The company will also collaborate with Telangana Academy for Skills and Knowledge to identify and train 2,000 candidates by the end of 2016. Furthermore, it will engage with T-Hub and the Government to explore synergies to foster smart city initiatives and technological innovation in the city by using big data analysis.
That’s not all. Uber also plans to work with the Government to develop a new regulatory framework to be passed in the next four weeks for on-demand transportation technology aggregator services.
India is, undoubtedly, one of the biggest markets for Uber. A testimony to that, was the appointment of ex-Rent.com exec. Amit Jain, as the President of Uber’s India operations, the first such appointment by the ride-hailing company. The company’s focus towards both China and India shows how aggressively it banks on emerging markets for its success.